The ICBC dumpster fire keeps on burning

Mornings with Simi

English - October 28, 2019 18:03 - 9 minutes - ★★★★★ - 1 rating
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More red ink at ICBC. The public insurer has released its 2018-2019 financial report and the statement shows a total loss of $1.15 billion for the fiscal year ended March 31 of this year.

That's a little bit less than what they host in fiscal 2017-2018, $1.32 billion. But today’s figures are still $470 million worse than ICBC’s own forecasts.

Guest: Richard Zussman

Global News Online Legislative Reporter

More red ink at ICBC. The public insurer has released its 2018-2019 financial report and the statement shows a total loss of $1.15 billion for the fiscal year ended March 31 of this year.

That's a little bit less than what they host in fiscal 2017-2018, $1.32 billion. But today’s figures are still $470 million worse than ICBC’s own forecasts.

Guest: Richard Zussman

Global News Online Legislative Reporter