Changes announced today to ICBC in wake of “dumpster fire”

Feb 6, 2018 | 5:50 AM

VICTORIA — The British Columbia government will announce changes today to the province’s public auto insurer amid predictions the agency will lose $1.3 billion by the end of the fiscal year.

Insurance Corporation of B.C. chairwoman Joy MacPhail and Attorney General David Eby will hold a news conference in Victoria this morning to detail the changes.

In January, Eby described the crisis at the corporation as a “financial dumpster fire.”

He blamed the former Liberal government for ignoring warnings and recommendations made in a 2014 report and noted that before the last election, the Liberals said the losses would be $11 million.