Insurance Corporation Of British Columbia
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Insurance Corporation Of British Columbia
The Insurance Corporation of British Columbia (ICBC) is a provincial Crown corporation in British Columbia providing insurance. ICBC was created in 1973 by the NDP government of Premier Dave Barrett. By law, any vehicle registered and driven or parked on public streets in British Columbia must be covered by ICBC's basic insurance package, which can be purchased from independent brokers across the province. This basic coverage, called "Autoplan," includes protection from third party legal liability, under-insured motorist protection, accident benefits, hit-and-run protection, and inverse liability. History The original purpose of ICBC was to provide universal and affordable compulsory public auto insurance in British Columbia by operating on a non-profit basis. However, in March 2010, Christy Clark's BC Liberal government announced that it would require ICBC to pay the province dividends totaling some $778 million over three years, thus signaling the end of ICBC’s operation ...
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North Vancouver (city)
The City of North Vancouver is a city on the north shore of Burrard Inlet, British Columbia, Canada. It is the smallest in area and the most urbanized of the North Shore (Greater Vancouver), North Shore municipalities. Although it has significant industry of its ownincluding shipping, Chemical industry, chemical production, and Film industry, film productionthe city is considered to be a suburb of Vancouver. The city is served by the Royal Canadian Mounted Police, British Columbia Ambulance Service, and the North Vancouver City Fire Department. History In the 1880s, Arthur Heywood-Lonsdale and a relation James Pemberton Fell, made substantial investments through their company, Lonsdale Estates, and in 1882 he financed the Moodyville investments. Several locations in the North Vancouver area are named after Lonsdale and his family. Not long after the District was formed, an early land developer and second reeve of the new council, James Cooper Keith, personally underwrote a loan ...
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Christy Clark
Christina Joan Clark (born October 29, 1965) is a former Canadian politician who was the 35th premier of British Columbia (BC), from 2011 to 2017. Clark was the second woman to be premier of BC, after Rita Johnston in 1991, and the first female premier in Canada to lead her party to a plurality of seats in two consecutive general elections. A member of the British Columbia Liberal Party, Clark was a member of the Legislative Assembly (MLA) from 1996 to 2005 and was deputy premier from 2001 to 2005 during the first term of Gordon Campbell's government. She left politics in 2005, and became the host of an afternoon radio talk show. After Campbell's resignation, Clark won the 2011 leadership election, becoming premier. She re-entered the legislature after winning a by-election on May 11 in Vancouver-Point Grey, the seat left vacant by Campbell. The Liberals were re-elected in the 2013 provincial election in an upset victory. In the 2017 provincial election, the Liberals were re ...
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Société De L'assurance Automobile Du Québec
The Société de l'assurance automobile du Québec (SAAQ; Quebec Automobile Insurance Corporation) is a Crown corporation responsible for licensing drivers and vehicles in the province of Quebec and providing public auto insurance which insures all drivers, passengers, pedestrians, bicyclists and motorcyclists involved in road collisions whether or not they are at fault (no-fault insurance). Coverage, however, is limited to personal injuries — damage to property is covered by private insurers. The SAAQ also administers Quebec's driver's licenses and vehicle licence plates (analogous to the DMVs of many U.S. States), and seeks to prevent road accidents, particularly through advertising campaigns in the media and in schools. In January 2021, Konrad Sioui became chairman of the board, thereby the first representative of an Indigenous community to head the board of directors of a crown corporation in Quebec. See also * Vehicle registration plates of Quebec *Insurance Corporation ...
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Saskatchewan Government Insurance
Saskatchewan Government Insurance (SGI) is a Canadian insurance company and a Crown corporation wholly owned by the Government of Saskatchewan. SGI's operations consist of the Saskatchewan Auto Fund, the compulsory public auto insurance program for Saskatchewan, and its property and casualty insurance division sells additional automobile and property insurance products in five Canadian provinces under the trade name SGI Canada. SGI also operates the driver licensing and motor vehicle registration system for Saskatchewan as part of its oversight of the Auto Fund. The Auto Fund is financially self-sustaining, operating on a break-even basis over time. The Saskatchewan Auto Fund does not receive money from or pay dividends to the government. Under the SGI Canada brand, SGI sells property and casualty insurance on properties such as homes, farms, businesses and automobile insurance in five Canadian provinces. It operates as SGI Canada in Saskatchewan; SGI Canada Insurance Services Ltd. ...
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Manitoba Public Insurance
Manitoba Public Insurance Corporation (MPI; french: Société d'assurance publique du Manitoba) is the non-profit Crown corporation which administers public auto insurance, motor vehicle registration, and driver licensing in Manitoba. Established by the Government of Manitoba in 1971, it is headquartered in the provincial capital Winnipeg. MPI has 21 claim centres, two customer service centres in 13 locations across Manitoba. Driver and Vehicle Licensing (DVL) is available through 147 agents in 123 communities, including 100 photo licensing agencies, and mobile testing units that service 69 communities. MPI partners with more than 300 independent insurance brokers in Manitoba. As of fall 2014, MPI offers a Winter Tire Financing Program that allows policy holders to finance new Winter Tires and Rims (along with other approved services) up to a maximum of $2,000.00 for a repayment period of one to four years. Autopac The basic automobile insurance product offered by MPI is known mo ...
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Loss Prevention
Retail loss prevention (also known as Retail asset protection) is a set of practices employed by retail companies to preserve profit. Profit preservation is any business activity specifically designed to reduce preventable losses. A preventable loss is any business cost caused by deliberate or inadvertent human actions, colloquially known as " shrinkage". Loss prevention is mainly found within the retail sector but also can be found within other business environments. Retail loss prevention is geared towards the elimination of preventable loss. Most companies take this traditional approach by either having their own in-house loss prevention team or using external security agencies. Shrink Items that are unaccounted for compared to what the inventory system believes the store should have are losses or "shrink". Shrink is caused by operational errors, internal theft, and external theft. Retail loss prevention is responsible for identifying these causes and following up with traini ...
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British Columbia Utilities Commission
The British Columbia Utilities Commission (BCUC) is an independent agency of the government of the provinces and territories of Canada, Province of British Columbia responsible for regulating rates and standards of service quality. The Commission's primary responsibility is the regulation of British Columbia's natural gas and electricity utilities. They also regulate intra-provincial pipelines and the Insurance Corporation of British Columbia (ICBC), a crown corporation responsible for insuring vehicles and operators in the province. Apart from rates and services, the BCUC is also responsible for ensuring that shareholders of utilities are afforded a reasonable opportunity to earn a fair return on their invested capital (economics), capital, that competitive interests are not frustrated, and that government energy policy is practically implemented. In addition, it approves the development of infrastructure planned by utilities and their issuance of security (finance), securities, ...
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Insurance Premium
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Vehicle Registration Plates Of British Columbia
The Canadian province of British Columbia first required its residents to register their motor vehicles in 1904. Registrants provided their own licence plates for display until 1913, when the province began to issue plates. , plates are issued by the provincial motor vehicle insurer, the Insurance Corporation of British Columbia (ICBC). Front and rear plates are required for most classes of vehicles, while only rear plates are required for motorcycles and trailers. Passenger baseplates 1913 to 1969 In 1956, Canada, the United States, and Mexico came to an agreement with the American Association of Motor Vehicle Administrators, the Automobile Manufacturers Association and the National Safety Council that standardized the size for licence plates for vehicles (except those for motorcycles) at in height by in width, with standardized mounting holes. The 1954 (dated 1955) issue was the first British Columbia licence plate that complied with these standards. 1970 to present B ...
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Executive Council Of British Columbia
The Executive Council of British Columbia (the Cabinet) is the Cabinet of the Canadian province of British Columbia. Almost always composed of members of the Legislative Assembly of British Columbia, the Cabinet is similar in structure and role as the federal Cabinet of Canada is to the Canadian House of Commons. Executive power is vested in the Crown; the lieutenant governor of British Columbia, as representative of the Crown, exercises executive power on behalf of the Cabinet, acting as the lieutenant governor in Council. Members of the Cabinet are selected by the premier of British Columbia, who chairs the Cabinet. History Prior to their union in 1866, the Executive Councils of the separate crown colonies of British Columbia and Vancouver Island were largely appointed by the governor and included military and judicial officials, their role that of the governor's cabinet, similar to the present except that the governor took part in cabinet meetings and political decisions ...
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ICBC Driver Licensing Centre, Royal Centre (48868127733)
Industrial and Commercial Bank of China Limited (ICBC; ) is a Chinese multinational bank. Founded as a limited company on 1 January 1984, ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China, the bank's Tier 1 capital in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history. Subsequently, ranked the largest bank in the world 2017 and 2018, by total assets, (31 December 2020, US$4.324 trillionFrancis Garrido & Saqib Chaudhry (2019) The world's 100 largest banks published 5 April 2019 by S & P Global – accessed 8 February 2020), ICBC was positioned at 1st in The Bankers Top 1000 World Banks ranking, every year from 2012, and first (2019) on the Forbes Global 2000 list of the world's biggest public companies. Furthermore, ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes. It is considered ...
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Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ...
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