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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 ...
Crown corporations in BC are public-sector organizations established and funded by the Government of British Columbia to provide specialized goods and services to citizens. [1] They operate at varying levels of government control, depending on how they are defined, funded, and the kinds of services they provide.
Merged with the Commercial Union Insurance Company of Canada to form the CGU Insurance Company of Canada (now Aviva Canada). Glengarry Mutual Insurance Company 1895 2014 Merged with Farmers’ Mutual Insurance Company (Lindsay) and Lanark Mutual Insurance Company to form Commonwell Mutual. Great-West Life Assurance Company: 1891 2020
The Pacific Blue Cross health foundation supports organizations throughout British Columbia that help improve health outcomes. Notable initiatives of Pacific Blue Cross include Text-Blue-Wish [ 6 ] in support of the Children's Wish Foundation of Canada and Share the Care which celebrated their 75th anniversary by donating $75,000.
1900 – The Insurance Institute of Montreal formed. 1920s – The Insurance Institute of British Columbia and the Insurance Institute of Winnipeg were established. 1931 – President of the Insurance Institute of Toronto, W.H. Burgess, first raised the idea of a national institute.
Established in 1964, it promotes and lobbies for the insurance industry to governments and the general public. [2] IBC member companies represent 90% of the Canadian property and casualty (P&C) insurance market. [2] Its member companies represent the vast majority of the Canadian property and casualty (P&C) insurance market. [3]
The Workers' Compensation Board of British Columbia, operating as WorkSafeBC, is a statutory agency that was made in 1917, after the provincial legislature put into force legislation passed in 1902. [1] This legislation is known as the Workers Compensation Act. [2]
Saskatchewan Government Insurance (SGI) is a Canadian insurance company and a Crown corporation wholly owned by the Government of Saskatchewan.SGI's operations consist of the Saskatchewan Auto Fund, the compulsory public auto insurance program for Saskatchewan, and its property and casualty insurance division sells additional automobile and property insurance products in five Canadian ...