B.C. gets new minister for ICBC

With the formal swearing in of B.C.’s Liberal government cabinet, a new finance minister takes the helm, and assumes responsibility for the province’s public insurance program. Gary Collins has been given the task of overseeing the Insurance Corporation of British Columbia as port of his overall finance ministry portfolio. In the past, ICBC has fallen under several different ministries.Deregulation of insurance was a platform for the Liberals throughout the election, and insurers are keen to begin talks on opening up the auto insurance market in B.C.