Tag: "Bc"

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BC tightens rules for handling private information

By on May 12, 2010 in Canadian Government

The B.C. government says it has tightened the way it handles personal and private information after hundreds of government documents were found in the home of a public employee under police investigation. Citizen’s Services Minister Ben Stewart says the government is acting on three investigations after files with personal information for more than 1,400 clients [...]

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Man sues after banning from disability assistance

By on May 12, 2010 in Legal Issues

A 27-year-old British Columbia man is suing the provincial government after he was banned for life from receiving disability assistance for defrauding the system out of $250. Justin Mitchell of Vancouver has been diagnosed with fetal alcohol spectrum disorder, has struggled with drug and alcohol addiction since he was a young teenager and has received [...]

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Special prosecutor will review Kash Heed case

By on May 12, 2010 in Legal Issues

A new special prosecutor has been appointed to review allegations involving the election campaign of B.C.’s on-again, off-again solicitor general. In the first week of May, special prosecutor Terrence Robertson cleared Kash Heed of wrongdoing and recommended charges against three people involved in his campaign. But hours later Robertson resigned over his law firm’s political [...]

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Rising costs, HST and higher interest rates

By on May 11, 2010 in Canadian Economy

The introduction of the harmonized sales tax in two of Canada’s largest provinces and a wave of other new expenses could take a toll just as Canadians begin to feel confident about opening their wallets again, experts say. Shoppers in British Columbia and Ontario started paying the HST on May 1 on a number of [...]

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New ICBC Chair appointed

By on May 07, 2010 in Company News

British Columbia has appointed Nancy McKinstry as chair of the board of directors of ICBC. McKinstry, who received the Order of Canada in 2005 has served on corporate, university and non-profit boards in recent years, and spent more than two decades with Odlum Brown Ltd., most recently as a senior vice president and director. Her [...]

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Tougher impaired driving laws come to BC

By on May 07, 2010 in Road Safety

The death of a four-year-old girl killed by an alleged drunk driver two years ago in Delta has prompted the B.C. government to get tougher with impaired drivers. Solicitor General Mike de Jong says the B.C. government wants to cut drunk driving deaths in the province by 35 per cent by 2013. The parents of [...]

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BCAA offers more choice for motorcyclists

By on Apr 29, 2010 in Company News

When it comes to getting from point A to B, more and more British Columbians are discovering less is more and are switching from four wheels to two. BCAA Insurance says it recognizes the steady growth in motorcycle riding throughout the province and amongst its members, and is responding to motorcyclists’ calls for more choice [...]

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ICBC reports year-end results

By on Apr 28, 2010 in Financial Reports

ICBC has reported its 2009 year-end financial results, with a net income of $563 million, up from $497 million for 2008. Its investment portfolio made a strong contribution, with returns rising to $532 million in 2009 from $280 million in 2008. ICBC says this is reflective of a well-managed and diversified portfolio. Claims and related [...]

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Minister in charge of ICBC resigns

By on Apr 13, 2010 in Canadian Government

B.C. Solicitor General and Minister of Public Safety Kash Heed, a former police chief and star Liberal candidate in last year’s provincial election, resigned from cabinet on April 9 because of an investigation into Elections Act violations. Heed said he had been informed by RCMP that they are investigating alleged breaches of the act during [...]

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IBC comments on HST

By on Apr 12, 2010 in Canadian Government, Featured

View the video here on your mobile device. Consumers and businesses in Ontario and British Columbia will be getting a Canada Day tax change when the two provinces adopt the Harmonized Sales Tax. (HST) Barb Sulzenko-Laurie, IBC’s Vice-President of policy is here to tell us what that means for the insurance industry. Barb Sulzenko-Laurie:  Well, [...]

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Search and rescue liability insurance covered

By on Apr 08, 2010 in Canadian Insurance

Search and rescue teams in Canada’s west know now that they will have their liability insurance expenses covered by the provincial governments. On March 29, the Alberta Legislature passed Bill 6, the Emergency Management Amendment Act 2010, which supports search and rescue groups with liability protection when acting in good faith and enables communities to [...]

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BC updates Fire Code

By on Apr 07, 2010 in Home Insurance

New changes to the BC Fire Code require that every private home and hotel or motel room built before 1979 must have smoke alarms installed by May 1, 2010. Owners of these older buildings can install battery-operated smoke alarms, rather than connecting smoke alarms to the buildings’ electrical system. Previously, buildings built after 1979 were [...]

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Flaherty denies new taxes on financial services

By on Mar 30, 2010 in Canadian Government, Featured

View the video here on your mobile device. Finance Minister Jim Flaherty insisted he is not raising new taxes on financial services, saying reports to the contrary are misplaced. With cries of foul shouted in the House of Commons, the finance minister moved to stem fears that his department is applying a new definition of [...]

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No drinking allowed for ICBC employees

By on Mar 30, 2010 in Canadian Insurance, Featured

View the video here on your mobile device. The Insurance Corporation of British Columbia has added a policy to its Corporate Policy Guide, saying that employees cannot consume alcohol during the workday, even if it’s on an unpaid meal break. According to a copy of the memo obtained by the Vancouver Sun newspaper, prior authorization [...]

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BC considers tougher motorcycle laws

By on Mar 29, 2010 in Featured, Road Safety

View the video here on your mobile device. The B.C. government plans to toughen motorcycling rules after a report from the B.C. Coroners Service made recommendations. Between 2000 and 2007, 286 motorcycle-related deaths were reported to the Coroners Service. In light of the rising number of fatalities, B.C.’s chief coroner convened a death review panel [...]

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ICBC lets go of 16 managers

By on Mar 23, 2010 in Canadian Insurance, Featured

View the video here on your mobile device. Sixteen senior ICBC employees from claim centres across the province have been let go, according to ICBC spokesman Adam Grossman. Grossman said the 16 non-union employees were let go as part of general staff changes, and not as a result of any wrongdoings. Grossman told the Vancouver [...]

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BC safety agency gives record fines to employers

By on Mar 22, 2010 in Business, Featured

View the video here on your mobile device. WorksafeBC handed out a record $4.4 million in fines last year, eclipsing a 2007 record that the safety agency was hoping it wouldn’t see again. Last year, 211 penalties were imposed against 190 employers, almost 60 per cent of which involved construction-related industries. The largest fine – [...]

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BC FINCOM adopts OSFI stress test guidelines

By on Mar 17, 2010 in Canadian Insurance, Featured

View the video here on your mobile device. In December 2009, the federal Office of the Superintendent of Financial Institutions released its Guideline E-18 Stress Testing: (See here.) The guideline sets out the expectations and considerations for stress testing programs, and in particular, the dynamic capital adequacy tests (DCAT) for insurance companies.   The British [...]

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B.C. fraudster handed nine year sentence

By on Mar 16, 2010 in Crime & Justice, Featured

View the video here on your mobile device. A former financial adviser who pleaded guilty to ripping off millions of dollars from friends, family and others has been sentenced to nine years in jail. The sentence is two years longer than the joint recommendation made to the judge by Ian Thow’s lawyer and the Crown. [...]

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