Skip to Main content

16.46°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

Mar 2, 2020 9:46 PM -

David Eby: New legislation to prevent government's from skimming I.C.B.C. surpluses

Share On

david-eby-new-legislation-to-prevent-governments-from-skimming-i-c-b-c-surpluses

Vancouver: B.C Attorney General David Eby announcing important changes in ICBC January 29, 2020. Connect News/Jawad Siddiqui

Attorney General David Eby says B.C.'s New Democrat government is taking steps to ensure profits made by the Insurance Corporation of B.C. stay with the public insurer.

Eby says he is preparing to bring in legislation that would prevent government's from skimming I.C.B.C. surpluses away from the corporation to use for other government initiatives.

In an announcement this morning Eby says I.C.B.C. profits should be used to offset premium costs.

He says previous Liberal governments stripped 1.2-billion dollars from I.C.B.C. between 2009 and 2016, eroding the financial stability of the Crown corporation and leading to dramatically higher premiums for drivers.

Latest news

rustad-backs-alberta-pipeline-project-criticizes-b-c-governments-opposition

Rustad Backs Alberta Pipeline Project, Criticizes B.C. Government's Opposition

Former B.C. Conservative leader John Rustad has thrown his support behind Alberta's proposed pipeline project, which is expected to submit its application by July 1. He said the British Columbia government should support the project instead of standing in its way. Criticizing Premier David Eby, Rustad argued that the pipeline is not just an Alberta project but one that would benefit all of Canada and could help address British Columbia's economic challenges. According to Rustad, the project would create real jobs, particularly in northern B.C., where the forestry sector has been struggling in

rcmp-investigating-stabbing-near-port-place-mall-in-nanaimo

RCMP Investigating Stabbing Near Port Place Mall in Nanaimo

The Nanaimo RCMP are investigating a stabbing that occurred at approximately 8:30 p.m. on Thursday, June 25, 2026, at a bus stop near Port Place Mall. Police, firefighters and BC Emergency Health Services responded to the scene. Upon arrival, officers found an adult male suffering from a stab wound to his arm. Bystanders and frontline officers provided emergency first aid before the victim was transported to hospital for treatment. Investigators have determined that the incident took place near a row of benches on the south side of Port Place Mall, across from the downtown bus exchange on Fro

CanadaJun 26, 2026

Ontario Announces Major Changes to Immigrant Nominee Program

The Ontario government has announced major reforms to its Ontario Immigrant Nominee Program (OINP). Under the new changes, the existing eight immigration streams will be consolidated into four, making the process clearer and easier for both applicants and employers. The first new pathway, the Ontario Workforce Priority Stream, is being launched to provide eligible foreign workers with a new route to permanent residency (PR). A key feature of the new stream is greater flexibility for applicants to work in related occupations. For example, a nurse will be able to work as a Personal Support Worke

indo-pacific-key-to-canadas-trade-diversification-strategy-maninder-sidhu

CanadaJun 26, 2026

Indo-Pacific Key to Canada's Trade Diversification Strategy: Maninder Sidhu

Canada's International Trade Minister, Maninder Sidhu, says the Indo-Pacific region is critical to the country's efforts to increase exports beyond the United States and diversify its trade markets. Sidhu recently led a 300-member business delegation on a four-day visit to Japan, marking Canada's largest-ever trade mission to the Indo-Pacific region. The Indo-Pacific is home to Canada's three largest trading partners in the region-China, Japan and South Korea. However, Canada's efforts to expand trade and investment ties there have not always achieved the desired results. Sidhu noted that pre

japanese-prime-minister-sanae-takaichi-to-visit-india-from-july-1-to-3

IndiaJun 26, 2026

Japanese Prime Minister Sanae Takaichi to Visit India from July 1 to 3

At the invitation of Indian Prime Minister Narendra Modi, Japanese Prime Minister Sanae Takaichi will pay an official visit to New Delhi from July 1 to July 3. During the visit, she and Prime Minister Modi will jointly chair the 16th India-Japan Annual Summit. This will be Prime Minister Takaichi's first official visit to India and is being seen as an important step in further strengthening ties between the two countries. The meeting comes at a significant time, amid indications of possible changes in the U.S. administration's policy toward the Indo-Pacific region. According to India's Minist

Related News

Rustad Backs Alberta Pipeline Project, Criticizes B.C. Government's Opposition

Rustad Backs Alberta Pipeline Project, Criticizes B.C. Government's Opposition

Former B.C. Conservative leader John Rustad has thrown his support behind Alberta's proposed pipeline project, which is expected to submit its application by July 1. He said the British Columbia government should support the project instead of standing in its way. Criticizing Premier David Eby, Rustad argued that the pipeline is not just an Alberta project but one that would benefit all of Canada and could help address British Columbia's economic challenges. According to Rustad, the project would create real jobs, particularly in northern B.C., where the forestry sector has been struggling in

RCMP Investigating Stabbing Near Port Place Mall in Nanaimo

RCMP Investigating Stabbing Near Port Place Mall in Nanaimo

The Nanaimo RCMP are investigating a stabbing that occurred at approximately 8:30 p.m. on Thursday, June 25, 2026, at a bus stop near Port Place Mall. Police, firefighters and BC Emergency Health Services responded to the scene. Upon arrival, officers found an adult male suffering from a stab wound to his arm. Bystanders and frontline officers provided emergency first aid before the victim was transported to hospital for treatment. Investigators have determined that the incident took place near a row of benches on the south side of Port Place Mall, across from the downtown bus exchange on Fro

B.C. Premier David Eby cuts China trade trip short amid pipeline debate

B.C. Premier David Eby cuts China trade trip short amid pipeline debate

British Columbia Premier David Eby has shortened his trade mission to China from a week-long visit to just three days. The trip was originally scheduled to run from June 27 to July 3. The decision comes as Alberta is expected to formally apply for federal approval of a new oil pipeline on July 1. Eby has consistently opposed the proposed pipeline project. However, speaking to reporters on Thursday, Eby said the shortened trip has nothing to do with the pipeline issue. He explained that B.C. has a pending memorandum of understanding (MoU) with the federal government, and Ottawa has asked him to

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital