ICBC board chair steps down

Paul Taylor's departure follows cost-cutting, insurance rate increases at Crown corporation

Former ICBC president and board chair Paul Taylor

Paul Taylor, former president of the Insurance Corporation of B.C., has resigned as chair of the ICBC board after a year and a half in that position.

ICBC issued a brief statement saying Jatinder Rai, a member of the board of directors since 2008, has been appointed interim chair. A spokesman declined further comment on the reason for Taylor’s departure.

“Mr. Taylor was appointed chair in July 2012 and his leadership has helped guide the corporation through challenging times, including the downsizing and restructuring of the company in late 2012,” the ICBC statement said.

ICBC imposed a 4.9 per cent rate increase for basic vehicle insurance in November, citing increasing injury claims and higher payouts. That followed an 11 per cent increase in basic insurance rates in 2012.

ICBC cut 260 positions in 2012 after an audit of its operations showed its management ranks had increased 41 per cent between 2007 and 2011.

Taylor resigned as president of ICBC in May of 2008.

 

Just Posted

Oak Bay brothers scoop 10 kg of poop from park paths in 30 mins

Family picks up dog poo to give back, inspire others to be more responsible

Crash snarles traffic on Highway 17

Traffic southbound is seriously delayed and northbound down to one lane on… Continue reading

UPDATED: Materials linked to 1992 Colwood murder found at construction site in Metchosin

West Shore RCMP investigating to determine if relevant to the old case

Local and international artists paint murals across Victoria

Sixteen murals are spread out across downtown Victoria as part of the ‘concrete canvas’ project

Federal government announces over $115 million to Royal Canadian Navy

Defence Minister Harjit S. Sajjan was at CFB Esquimalt to announce missile system upgrades

PHOTOS: B.C. city wakes up to darkness under wildfire smoke

The rest of the province also dealing with thick haze as smoky skies continue

Authorities mull evacuation order for Zeballos

Smoke billowed from the steep hillsides of Zeballos on Friday evening, as… Continue reading

Five things to do in Greater Victoria this weekend

Puppy yoga, horses, cars, water guns and more make up this weekend’s list of events to see

Safeway union urges prejection of mediator recommendations

Says mediator asks for too many concessions

Fire chases B.C. crews out of their own camp

Crews in Burns Lake had to leave after a wildfire reportedly overtook their sleeping quarters

Saanich teen takes her karate skills onto the world stage

National champion Olivia Brodie will compete at the 2018 Junior Pan-American Karate Championships

First long-awaited Cyclone lands near Victoria airport

Military helicopter first of nine to come to Saanich Peninsula base

To address peacock problem, B.C. city moves ahead on trapping plan

Surrey’s new bylaw focuses on ensuring people no longer feed the birds, ahead of relocation

Most Read