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The original purpose of ICBC was to provide universal and affordable compulsory public auto insurance in British Columbia by operating on a non-profit basis. [3] [4] However, in March 2010, Christy Clark's BC Liberal government announced that it would require ICBC to pay the province dividends totaling some $778 million over three years, thus signaling the end of ICBC's operation as a non ...
ICBC initially held a monopoly on all auto insurance, but in 1977, the provincial government opened up the optional insurance market. [8] Despite the entrance of several firms in the 1980s, 87% of British Columbians who bought additional coverage did so from ICBC in 2003. [9] Since its inception, ICBC's mandate has changed several times.
ICBC is among other state-owned banks to receive regulatory approval for a $13.6 billion (88.5 billion yuan) state-backed green fund in 2021. ICBC and Bank of China will finance environmentally friendly projects along the Yangtze River by investing 8 billion yuan each in the National Green Development Fund. [61]
2. Put extra money toward your mortgage payments. Paying $50 to $100 more per month can make a real difference in building your equity and reducing the interest you pay over the life of your loan.
The 2025 FIFA Club World Cup is a 32-team tournament featuring top professional clubs from around the world, set to begin June 15, 2025, in the U.S. (Photo courtesy of FIFA)
Cash App users have less than 24 hours to file a claim to get some cash from a $15 million settlement.. If their Cash App account was a part of a December 2021 data and security breach, users of ...
Payments for soft-injury claims were capped, medical benefits and wage loss payments were doubled, common treatments became pre-approved, and payouts changed from a lump-sum to a "care-based model" to cover costs on an as-needed basis. ICBC also changed its dispute resolution mechanism to a new civil resolution system to reduce legal costs.
Syria's brutal civil war rekindled suddenly after 13 years, with rebels staging a shock offensive that forced long-time dictator Bashar al-Assad to flee to Russia.