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See you in September
    Thompson’s is now on its annual summer break. The July 14 issue was the final issue of our weekly print issue until September.
    The next one will be published Sept. 8.
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Update — July 23: Vice-president ‘no longer employed’ over repair facility allegations seeks punitive damages from ICBC for wrongful dismissal
    Former ICBC vp Mark Withenshaw says in an action filed in B.C. Supreme Court he was “made a scapegoat” for the scandal surrounding the insurer’s research facility (see story below).
    He was dismissed March 20, 2008, with 18 months’ pay, or about $284,300.
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Update — July 18: Report says managers who condoned ‘unacceptable practices’ at ICBC repair facility no longer employed: RCMP launches criminal investigation
    ICBC is putting the brakes on release of detailed information about disciplinary actions taken following what it now deems unacceptable practices at its research and repair facility.
    These include managers having repair work done on their own vehicles by employees with no evidence of the costs being recovered.
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Update — July 18: Kingsway cuts debt; gets rating downgrades from Best same day
    By the end of July, Kingsway Financial intends to repay a total of US$109.8m of its debt, the company announced.
    The money will come from its existing surplus capital resources held in its reinsurance subsidiaries.
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