Quote:
Originally Posted by fredinno
Someone explain why ICBC was formed as a public entity in the first place?
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It is from a time when there was perception the banks and insurance companies were all based in eastern Canada and treating residents in the west poorly. The NDP stepped in and created it. It is now time for the NDP to fix the problem by privatizing ICBC.
SGI is Saskatchewan is the other government own insurance operation. However it appears to be still be effective. Sound management of an insurance company involves diversifying risk by holding different types of policies and in different parts of the country (or world). Something SGI does.
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