BC Finance Minister in charge of ICBC resigns

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Aug., 2012 – British Columbia’s Finance Minister Kevin Falcon has resigned from cabinet, effective immediately, and announced he won’t seek re-election in next May’s provincial election.

Falcon was appointed Minister of Finance and Deputy Premier in March 2011. In February 2012, responsibility of the Insurance Corporation of British Columbia (ICBC) shifted from the Public Safety and Solicitor General ministry to the Ministry of Finance. Falcon said he wishes to spend more time with his family.

BC Premier Christy Clark said she has asked Shirley Bond, Attorney General and Minister of Public Safety and Solicitor General to serve as Acting Finance Minister in the interim. Bond already serves as Deputy Chair of Treasury Board and alternate Finance Minister.

“Kevin Falcon has been the hardest working Finance Minister in the country and I want to thank him for keeping us on strong fiscal footing, with a triple A credit rating despite the worst global recession in generations. He has made a remarkable contribution to our province and his public service is beyond distinction,” said Premier Clark in a statement.

“I know how hard it can be to balance the needs and aspirations of family life while wanting to serve publicly. I wish Kevin and his growing family continued success and happiness and thank him for his incredible tenure,” she added.

About ICBC

ICBC serves 3.2 million customers in the province of British Columbia, Canada. ICBC licenses and insures drivers and vehicles across the province through its service centres, plus a network of more than 900 independent brokers and government agent offices. Claims customers are served through local offices and an award-winning Dial-a-Claim call centre. ICBC’s road safety investments help create safer roads, lead to fewer crashes, and help keep rates stable. To find out more, visit icbc.com.