Victoria undertakes in-depth review to find savings at ICBC

By Greg Fry
November 1, 2017 - 9:49am

KAMLOOPS — The provincial government is following through on a promise to find savings at ICBC.

It has selected PwC Canada to lead an operational review of ICBC "to identify waste, find ways to prevent fraud and overbilling, and identify opportunities for business reform," says the Ministry of the Attorney General.

The ministry says the review includes "selecting 100 random files for a comprehensive review, similar to a financial audit, but directed at business practices and aimed at cutting waste, overbilling and poor cost controls."

The review follows news the public auto insurer lost almost half a billion dollars last year. 

A final report, including recommendations, will be submitted to government early next year.

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