SGI rebates possible; NDP calls surplus 'suspicious'
By Glenn Hicks As the provinceâs public insurer, SGI, sees a big mounting surplus in its reserve fund due to a sharp reduction in claims amid the COVID pandemic, the Crown corporation says it is pondering giving some of it back to motorists. Meanwhile, the opposition NDP continues to call for rebate cheques and claims the surplus in SGIâs Rate Stability Reserve is excessive and âsuspicious.â Earlier this week British Columbiaâs much-maligned public insurer, ICBC, confirmed rebate cheques averaging $190 for policy holders given their substantial COVID-related surplus o...
Source: ckom.com