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BC's ICBC facing a crushing $1.3 billon deficit

January 29, 2018
BC's ICBC facing a crushing $1.3 billon deficit

British Columbia's government-owned car insurer ICBC is anticipating a $1.3 billion deficit this fiscal year. With consumers expecting more rate hikes, CTF's BC Director Kris Sims says the government should turn ICBC into a cooperative and allow competition in car insurance. British Columbia has the highest car insurance rates in Canada.

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