When was the Insurance Corporation of British Columbia (ICBC) established?

The Insurance Corporation of British Columbia (ICBC) was established on April 19, 1973. This was a significant development in the provision of automobile insurance within the province, as ICBC was created with the aim of providing basic insurance coverage to all drivers in British Columbia. The establishment of ICBC marked a shift towards a public automobile insurance model in the province, leading to a system designed to ensure that all drivers had access to affordable coverage.

This date is pivotal in the context of provincial insurance frameworks, as it reflects a governmental initiative to regulate and streamline auto insurance processes, contributing to a more equitable system for residents. Other proposed dates do not align with the historical records set by the organization and are therefore not applicable to the establishment of ICBC.