Morrisons and Amazon to expand delivery service

first_imgMorrisons and Amazon are extending their same-day delivery service to more cities across the UK, including Glasgow, Newcastle and Portsmouth.The Morrisons at Amazon service is currently available to Amazon Prime Now customers in four cities – Leeds, Manchester, Birmingham, and parts of London and the home counties.The service is now beginning to be rolled out to other parts of the UK including Glasgow, Newcastle, Liverpool, Sheffield and Portsmouth with further cities expected to come on board in future years.Customers can order a Morrisons shop online, which is then picked at a local Morrisons store, and delivered by Amazon. The option of delivery within one hour of the order being placed is available for many customers across these cities.Several own-label bakery items are available via the service, including Morrisons White Tortilla Wraps, Mini Breadsticks, Plain Naan Bread and Sponge Fingers.The expansion will see Morrisons become a retailer on Amazon’s Prime Now website and app, while continuing to act as a wholesaler for all Amazon’s other UK grocery offers.“Amazon has been a valued partner of Morrisons for over three years, and we are pleased to be expanding our relationship together. Continuing to partner with the best digital operators such as Amazon is a significant, capital-light growth opportunity for Morrisons,” said Morrisons chief executive David Potts.The Morrisons store on Prime Now first launched in the UK in 2016, under an agreement that saw the supermarket provide a wholesale supply service to Amazon for a range of its ambient, fresh and frozen products.Doug Gurr, Amazon UK country manager, added: “We are committed to growing our grocery business so that we can continue to deliver what we know our customers will always care about – low prices, vast selection and fast delivery – and our relationship with Morrisons is an important part of that long-term growth. With the Morrisons store on Prime Now, many Prime members can do their full weekly grocery shop online through Prime Now with ultra-fast same-day delivery.”last_img read more

Beyond Meat, HD supply, Simon Property Group & more

first_imgPackages of “Impossible Burger” and “Beyond Meat” sit on a shelf for sale on November 15, 2019 in New York City.Angela Weiss | AFP | Getty Images HD supply — Shares of HD supply soared more than 20% in extended trading after Bloomberg News reported Lowes is in talk to acquire the industrial distributor. Novavax — Shares of the drugmaker ticked more than 6% lower in after-hours trading after missing on the top and bottom lines of its quarterly results. Novavax reported a loss of $3.21, compared to the expected earnings of $1.73 per share, according to Refinitiv. Revenue came in at $157.0 million, lower than the forecast $230.6 million.Occidental Petroleum — Shares of Occidental Petroleum fell about 5% after the energy company reported a wider-than-expected quarterly loss. The company posted a loss of 84 cents in the third quarter, versus an estimate of a loss of 72 cents. Its revenue came in above expectations, however. – Advertisement – Check out the companies making headlines after the bell: Beyond Meat — Shares of Beyond Meat tumbled more than 25% in extended trading after the alternative meat producer posted a big revenue miss as the pandemic weakened restaurant demand for its meat alternatives. The company said its revenue came in at $94.4 million, well below a FactSet estimate of $132 million.Simon Property Group — Shares of the mall owner tanked more than 7% in after hours trading on Monday after reporting disappointing earnings. Simon Property Group reported earnings of 48 cents per share, compared to the estimated 90 cents per share, according to Refinitiv. The company made $994 million, missing estimates of $1.08 billion. The stock surged 27.9% in regular trading Monday.- Advertisement – — CNBC’s Maggie Fitzgerald contributed reporting.center_img – Advertisement – – Advertisement –last_img read more

Pirates basking in spotlight, ready to finish job

first_imgIn this July 4, 2013 file photo, Pittsburgh Pirates center fielder Andrew McCutchen (22) takes the field for the start of a baseball game against the Philadelphia Phillies in Pittsburgh. AP Photo/Gene J. Puskar, File)PITTSBURGH (AP) – The Pittsburgh Pirates are used to this part, the one where they spend the first half of the season stunning the baseball world with their play. Call it a byproduct of two decades of mediocrity.Yet promising starts in 2011 and 2012 ended up in an all too familiar place, with the team under .500 after cratering under the pressure of a pennant race.The freefalls were painful, yet closer Jason Grilli insists they were an important part of the growth process for a franchise learning how to win. Still, even the perpetually optimistic Grilli knows a third disappearing act is unacceptable.“The time’s now,” Grilli said. “There’s no more development. It’s time to win.”It’s a message echoed from all corners of the clubhouse, from veterans like the 36-year-old Grilli to 25-year-old revelation Jeff Locke to star centerfielder Andrew McCutchen to perpetually optimistic manager Clint Hurdle. All understand the club’s best record at the All-Star break (56-37) in 37 years will be rendered a tantalizing footnote if Lucy pulls the football away from Charlie Brown one more time.“Nobody out there is satisfied,” Hurdle said last week. “I know I’m not satisfied.”What the Pirates are, they insist, are confident yet wary.They begin the second half of the season in Cincinnati on Friday night eager to show they’re not ready to become the 2013 version of Icarus, the character from Greek mythology who tried to escape the island of Crete by constructing wings made of feather and wax. Icarus nearly made it, but disregarded his father’s order to not fly too close to the sun. The wax melted under the heat, and Icarus came plummeting back to earth.Pittsburgh has no such plans to do the same, and there’s a different vibe pulsating through the dugout this summer. The only place Pittsburgh’s play isn’t a surprise is in the Pirates’ dugout. It’s why Grilli didn’t get too worked up when “Sports Illustrated” put the fiery, emotional leader on the cover this week, the first time a Pirate has made the front page of the magazine since Barry Bonds did it 21 years ago.“These are things that you can really get caught up in and I’m not that guy,” Grilli said. “I’m here and I’m doing well because my teammates are succeeding too and they’re helping me be successful.”And doing it in a grown-up way.The youthful “Zoltan” signs the team used as a touchstone last year – a tongue-in-cheek nod to the slacker comedy “Dude Where’s My Car?” – now only pop up occasionally. And while Grilli has nicknamed the bullpen “The Shark Tank” because of its tenacity (a moniker that has caught on so well a fan donated an actual shark tank that now sits a few steps from Grilli’s locker) the Pirates are playing with a maturity it lacked even a year ago.They showcased it early after stumbling to a 1-5 start the first week of the season. All they’ve done since is put together the best record in baseball to remain a nagging presence behind the St. Louis Cardinals in the NL Central. And when the cracks in the foundation appeared to start showing just before the break during a four-game losing streak, the Pirates responded with a three straight wins to put talk of “the Collapse III” to rest. At least for now.“We’re going to lose some games,” ace A.J. Burnett said. “We’re going to lose a couple. We’ve got to keep the losing streaks lower and the winning streaks higher. That’s the good thing about this rotation. You’ve got five guys that can turn around at any time and stop the bleeding.”He’s not kidding. Locke propelled himself from fringe starter to All-Star in three months after going 8-2 with a 2.15 ERA in the first half. Francisco Liriano revived his sagging career by regaining the form that made him one of the best young arms in the game before having Tommy John surgery in 2007. Charlie Morton has bounced back from the same procedure and been effective if not dominant. And former No. 1 pick Gerrit Cole gave Pittsburgh a needed jolt when he arrived with his triple-digit fastball in tow last month.The Pirates lead the majors with a 3.09 ERA and 13 shutouts, remarkable numbers that have allowed them to stalk the Cardinals for the last six weeks even as the offense struggled to find a rhythm. The combination of setup man Mark Melancon and Grilli (whose 30 saves lead the NL) have turned most games into seven-inning affairs. The Pirates are 46-1 when leading going into the eighth. Their mere presence on the mound has a ripple effect on the rest of the team.“It makes it easy knowing that they’re doing what they’re doing,” McCutchen said. “We know more times than not they’re going to save it for us, keep us in the game. It makes it easier when you go out there in seven, eight, nine innings knowing that we have a good chance of keeping the lead.”McCutchen, however, is also acutely aware the offense needs to take some of the pressure off. The Pirates rank 26th in batting average and runs and are hitting an abysmal .229 with runners in scoring position. Where critics see a weakness, they see potential. The way they look at it, they’re a game back of the Cardinals and they aren’t even scoring.“It shows we’ve got things we’ve got to work on,” McCutchen said. “And that’s all we’re worried about.“We see room for improvement, and that’s what drives us.”last_img read more

For Linda Chorney, Grammys Were An ‘Emotional Jukebox’

first_imgLinda Chorney with Gregg Allman at the Grammys in Los Angeles.By Eileen MoonSHE GOT TO meet her idol, Gregg Allman. And she got to dress to the nines and walk the red carpet, wearing she noted, “gorgeous black diamond earrings” she’d borrowed from the Gold Tinker in Deal, not to mention her $29 boots from Daffy’s.Sea Bright musician Linda Chorney earned her place as a Grammy nominee in the Best Americana category after 30 years on the road and 5 self-produced albums.Her history-making nomination in a category that included Levon Helm, Emmylou Harris, Ry Cooder and Lucinda Williams created so much buzz that Chorney was fielding interview requests from the Associated Press, Variety, and the Hollywood Reporter, along with numerous other media outlets across the country.And though she didn’t win, she feels pretty good about coming in behind Helm, who won a Grammy for “Ramble at the Ryman,” an album that also has a Jersey Shore connection,having been co-produced by Jedd Hilly and Middletown native Danny Petraitis, who died in 2009 and whom Hilly credited with the idea of bringing Helm back to Nashville and recording the live performance. (The television version of “Ramble at the Ryman” won an Emmy in 2010.)After all the anxiety that followed her nomination in November, Grammy day found Chorney thrilled to represent all of the independent musicians whose talents go unrecognized by the larger world as they play their music in bars and restaurants and other small venues, wondering sometimes if anybody is listening at all.That’s the message Linda sent out into the ether on Sunday when she was interviewed on the red carpet at the Grammys by CBS.“I thought it was a very important message to fellow, struggling musicians,” Chorney said in her post-Grammy blog. “Yes, I still feel that I am in that category.”Chorney said that Jennifer Hudson’s performance of “I Will Always Love You,” in memory of Whitney Houston “gave her goosebumps,” and the fact that the Grammys ended with Paul McCartney’s singing “And In The End” was a coincidence that brought her to tears, since that’s the last song on Chorney’s album, ***ITALSEmotional Jukebox.”Read more about Linda Chorney and her journey to the Grammys at www.lindachorney.com.last_img read more

Jamaica, Barbados on course for title decider

first_imgBRIDGETOWN, Barbados (CMC):Jamaica and hosts Barbados carved out contrasting wins to remain unbeaten in the Caribbean Netball Association’s Jean Pierre Youth Championship here Tuesday.While the Jamaicans edged out a determined St Lucia 25-24, Barbados romped to a comfortable 31-12 victory over arch-rivals Trinidad and Tobago at the Barbados Netball Stadium, on the outskirts of the city.The results left Jamaica and Barbados on course for title-deciding clash on for tomorrow’s final day of the competition.The junior Sunshine Girls were forced to battle against the St Lucians and held narrow leads of 6-4 after the first quarter and 12-10 at half-time.St Lucia, however, fought back in the third quarter to tie the scores at 16, heading into the decisive final quarter.Jamaica were led by goal shoot Lori Daley, who dominated the final quarter to finish with 12 goals from 13 attempts overall, while goal shoot Denay Thomas was a perfect eight from eight.For St Lucia, goal attack Megan Nestor tallied 19 goals from 20 attempts.Barbados, meanwhile, had no such competition, as they raced to a 9-3 lead at the end of the first quarter and a 15-6 advantage at half-time. The hosts again dominated the third quarter to lead 22-9 heading into the final quarter where they easily put the game to bed.MORE GOALSThey were propelled by goal shoot Tower Lord, who shot 22 from 30, while goal attack Brianna Holder chipped in with nine from 14.T&T were carried by goal attack Kadeemah Herbert, who totalled eight from 13 attempts.In other games played Tuesday, Dominica trounced Antigua and Barbuda 36-14 behind goal shoot Celena Langlaise’s 24 from 35 attempts, while Grenada easily got past Bermuda 34-19, thanks to Carlene Alexander’s 31 from 38 attempts.Jamaica and Barbados have won four straight and both have 20 points, with St Lucia in third on 12 points.last_img read more

USC, UCLA reach NorCal water polo semifinals

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Top-ranked UCLA and No. 2 USC on Saturday battled into the semifinals at the Northern California Open, creating a final four with No. 4 Stanford and No. 3 California, the tournament host — the same semifinalists at the Southern California Tournament earlier this season. USC (11-1), which won the SoCal event, routed Santa Clara 14-1 and edged UC Irvine 7-6 in games at the Bill Brown Aquatics Center at Miramonte High of Orinda. Harvard-Westlake of Studio City product Juan Delgadillo and Slovakian Olympian Juraj Zatovic scored three goals apiece in the first win, and they each added two against UCI. UCLA (13-2), the defending national champions, beat UC Santa Barbara 8-3 and Pepperdine 8-7 at Cal’s Spieker Aquatics Complex in Berkeley. Thomas Foley scored twice to lead the Bruins against UCSB, and David Pietsch scored three goals and Grant Zider two against Pepperdine. Cal (12-2) advanced with victories over UC Santa Cruz and Long Beach State; Stanford (10-2) beat Air Force and UC San Diego. The Bruins meet Cal and the Trojans take on Stanford in semifinal games Sunday morning. The final will be played at 4:10 p.m. in Berkeley. Seventh-ranked Pepperdine, which opened with an 11-8 triumph over UC Davis, will meet Long Beach State in a fifth-place semifinal. No. 12 Loyola Marymount, which lost to Long Beach State (9-7) and beat UC Santa Cruz (9-5), takes on UC Davis in a ninth-place semifinal. Adam Hewko scored twice for Pepperdine in the win over UCD, and Grant Miller, Matt Digges and Jesse Smith netted two apiece against UCLA. LMU’s Endre Rex-Kiss scored seven goals, five against UCSC. USC beat Stanford in the SoCal final, and Cal finished third. La Verne 11, Cal Lutheran 7: Darren Richards scored three goals and Jared Carvitto and Seth Shelton added two apiece to lead the Leopards (12-6) in a Southern California Intercollegiate Athletic Conference opener at Oaks Christian School of Westlake Village. Jared Clark scored twice for the Kingsmen (6-11). Occidental lost its SCIAC opener, falling to Pomona-Pitzer 9-8 in Pasadena. CROSS COUNTRY: UCLA’S CALDWELL EIGHTH AT PRE-NATIONAL Junior Ashley Caldwell finished eighth in the women’s race at the Pre-National Invitational cross country event in Terre Haute, Ind., a tuneup for next month’s NCAA Cross Country Championships. Caldwell covered the 6K course in 20 minutes, 29 seconds, 27 seconds behind Blue-race winner Victoria Mitchell of Butler. UCLA finished 14th in the team event; third-ranked Stanford won the team title. “Ashley ran great today,” UCLA coach Eric Peterson said. “Finishing in the top 10 here is pretty indicative of how you will place at NCAAs, and the times Ashley has been running, as well as the confidence she has gained from performances like this show that she will be a definite force in the postseason.” Bruins junior Austin Ramos finished 15th in the men’s race, covering the 8K course in 24:06. The Bruins finished 13th, and fifth-ranked Stanford won the team title. BYU’s Josh Rohatinsky won the elite Blue race in 23:31. Cal Poly Invitational: Sara Mickelson finished fifth and her sister, Laura, was eighth to lead Loyola Marymount to second place in the women’s 5K event at the Fairbanks Cross Country Course in San Luis Obispo. The Lions scored 63 points to edge the See Jane Run Racing Team by a point. UC Irvine won with 46 points; Pepperdine, with 197, finished sixth. Sara Mickelson was clocked in 18:01.8; Laura’s time was 18:09.3. Unattached runner Stephanie Rothstein broke the course record by nearly 13 seconds, winning in 17:22.6. LMU, led by 12th-place finisher Lino Almeida, was fourth (111 points) in the men’s competition, and Pepperdine (146) was sixth. Cal Poly won with 21. Asics’ Ben Bruce, a non-collegian, set a course record by nearly seven seconds, winning in 25:42.2. SCIAC Multi-Duals: Occidental’s women finished second and men third at Friday’s Southern California Intercollegiate Athletic Conference meet at La Mirada Regional Park. Oxy’s women went 6-1, beating every opponent except Claremont-Mudd Scripps, and the Tigers men posted a 5-2 mark, beating all but first-place Pomona-Pitzer and CMS. Cal Lutheran’s women and men had 3-4 marks and finished fifth. Occidental’s Daisy Demelo (24:47.3) finished third and Rachel Keylon (24:51.4) fourth in the women’s 6K race, won easily by Redlands’ Avery Kelly.(23:42.3). Cal Lutheran’s Heather Worden (25:01.6) was sixth. Pomona-Pitzer’s Will Leer (26:12.7) won the men’s 8K race. Occidental’s Nimish Parekh (28:05.5) finished 11th and Keith Blumenfeld (28:21.9) 14th. WOMEN’S VOLLEYBALL: CSUN DROPS EIGHTH IN A ROW Cal State Northridge’s women’s volleyball losing streak hit eight with a 3-0 Big West Conference loss at Cal Poly. The Matadors hit a season-worst minus-.065, committing 32 errors against 25 kills, in a 30-16, 30-11, 30-22 defeat in San Luis Obispo. Vanessa Gilliam had 11 kills and Kylie Atherstone added 10 as the Mustangs (13-4 overall, 6-2 Big West) avenged a four-game loss in Northridge earlier this season. Jenn Probert led CSUN (3-15, 1-6) with seven kills. Biola 3, The Master’s 0: Brittany Wing totaled 10 kills, seven digs and four blocks, and Joelle Lawson added seven blocks as the Eagles (14-7, 6-6) romped to a 30-22, 30-22, 30-25 Golden State Athletic Conference victory in La Mirada. The Master’s (7-13, 3-9), which dropped its second decision this season to Biola, was held to a .077 hitting percentage. Rachel Roleder led the Mustangs with 10 kills and 10 digs. MEN’S GOLF: CSUN SETTLES FOR 10TH IN FRESNO Cal State Northridge, which had the best second round of the 15-team field, finished 10th at the Fresno State Lexus Classic men’s golf tournament at San Joaquin Country Club in Fresno. The Matadors finished at 890, 32 strokes behind winner Denver (858). San Diego State was second at 865. CSUN shot 280 in Friday’s second round as Joe Lopez, Doug Miller and Amit Nat recorded 69s. Lopez, who shot 76-69-74_219, tied for 16th. Miller and Nat, at 225, were in a tie for 39th. Denver’s Charlie Soule, who shot a second-round 68, won medalist honors at 210, one stroke ahead of Nevada’s Adam Hagen. WOMEN’S SOCCER: LEONARDO LIFTS CAL LUTHERAN Ashley Leonardo’s 16th-minute goal lifted Cal Lutheran’s women’s soccer team to a 1-0 triumph over visiting Occidental in a Southern California Intercollegiate Athletic Conference game in Thousand Oaks. The Regals evened their SCIAC record at 4-4-0, improving to 5-6-2 overall. Oxy fell to 6-6-1 overall and 4-3-1 in conference play. Cal Lutheran’s backline, led by Katie Gephardt, Amanda Campbell and Denise French, limited the Tigers to one shot on goal. Raechal Carr set up Leonardo’s second goal of the season. The Master’s 6, Brevard 1: Natalie Totaro and Katie McMannis scored two goals apiece and Jill Oldright had two assists as the Mustangs romped to a non-conference win over visiting Brevard College, from North Carolina. Stacey Leonard also scored for The Master’s (6-6-2), who took a 3-0 lead by the 16th minute. Krissy Czarkowski scored for Brevard (5-9-1). MEN’S SOCCER: CAL LUTHERAN BEATS OCCIDENTAL Cal Lutheran scored three first-half goals and went on to a 4-1 romp over Occidental in a Southern California Intercollegiate Athletic Conference soccer game in Eagle Rock. Brian Blevins, Cam Robinson and Todd Norman scored in the first half for the Kingsmen (8-1-2, 7-1-1), and Derek Rogers added a second-half goal. Oxy scored on an own goal. WOMEN’S SWIMMING: UCLA WINS OPENING MEET Kim Vandenberg, Katie Arnold and Nicolette Teo were multiple event winners as UCLA’s women’s swim team defeated UC Santa Barbara and Oregon State in its season opener in Santa Barbara. The Bruins topped UC Santa Barbara 150.5-109.5 and beat Oregon State 184-76. Vandenberg, a senior, won the 200 and 500 freestyles; Arnold, a junior, won the 100 backstroke and 100 freestyle; and Teo, a sophomore, won the 100 and 200 breaststrokes. last_img read more

5 days agoVardy furious with taunting Burnley fans during Leicester win

first_imgAbout the authorPaul VegasShare the loveHave your say Vardy furious with taunting Burnley fans during Leicester winby Paul Vegas5 days agoSend to a friendShare the loveLeicester City striker Jamie Vardy was furious with Burnley fans after the visiting fans mocked the striker’s wife for her role in the much-publicised row with Coleen Rooney. Vardy’s wife, Rebekah, was involved in a huge Twitter spat during the international break in which Coleen Rooney, wife of Wayne Rooney, publicly accused Rebekah of leaking private stories about the Rooney family to the press. During Leicester’s win, Burnley fans however took the opportunity to goad Vardy, chanting: ‘Jamie Vardy, your wife is a grass’ while the away side were leading 1-0 in the Premier League game.Vardy equalised for the home side just before the half time break and was quick to run over to the Burnley fans to vent his frustrations at them. last_img read more

Texas Fan Pens ‘Thank You’ Letter To Notre Dame Fans For Their “Remarkable Hospitality”

first_imgFans cheer on the Texas Longhorns against the Louisiana Monroe Warhawks.AUSTIN, TX – SEPTEMBER 5: Fans cheer on the Texas Longhorns against the Louisiana Monroe Warhawks on September 5, 2009 at Darrell K Royal-Texas Memorial Stadium in Austin, Texas. (Photo by Brian Bahr/Getty Images)Texas Longhorns fans who made the trek up to Notre Dame, Indiana, weren’t thrilled with the result from the game this past Saturday. But at least one UT supporter still had great things to say about the Fighting Irish and their fan base. A Texas fan named Terry Bader penned a cool ‘thank you’ letter to Notre Dame and its fans for their “remarkable hospitality” this past weekend. It was published by The Observer Thursday morning. The school tweeted out a photo of the letter – check it out:A Texas Longhorn fan wrote a thank you letter to The Observer. Well done, Irish fans READ: http://t.co/ppS4VslodZ pic.twitter.com/OxKfDSphqQ— The Fighting Irish (@FightingIrish) September 10, 2015It’s a refreshing story – especially considering we typically only hear tales on the other end of the spectrum. Well-done to all involved here.last_img read more

Royal Caribbean Earns More Sails into DoubleDouble Year

first_imgzoom New York-listed cruise line company Royal Caribbean Cruises is heading into a DOUBLE-DOUBLE year as it reported more than a 25% increase in both US GAAP and adjusted earnings over 2015.US GAAP net income for the full year 2016 was USD 1.28 billion, compared to USD 665.8 million reported in 2015. The 2015 figure includes a non-cash impairment charge related to the Pullmantur brand.The company’s adjusted net income for the year was USD 1.31 billion, compared to USD 1.07 billion for the full year 2015, representing more than a 25% year-over-year increase in earnings per share.“As we enter our DOUBLE-DOUBLE year, we have never been so well positioned,” said Richard D. Fain, chairman and chief executive officer. “This program has done what it set out to do – bookings are at record levels, the preference our brands enjoy has never been stronger, we are on the cusp of investment grade ratings, our dividends are at an all-time high, costs have been well managed, and our guests’ satisfaction has never been better,” he added.Fain also said that, while currency and fuel are both significant negatives at the moment, the cruise line’s “business continues to thrive.”For the full year 2017, Royal Caribbean Cruises expects its net yields to increase 4% to 6% on a constant-currency basis, while the adjusted EPS for 2017 is expected to be in the range of USD 6.90 – USD 7.10 per share.The company said that its booked position for 2017 is better than last year’s record high, and at higher rates. Strength from North American consumers is driving exceptionally positive trends for North American and European products. These trends, along with a positive outlook for Australia and a solid booked position in China for the first half of the year, are positioning the company for robust growth in 2017.last_img read more

ICBC posts 935M in net losses in first nine months of fiscal

first_imgVANCOUVER – The financial crisis at British Columbia’s public auto insurer is deepening, as $1.3 billion in net losses are now projected by the end of the current fiscal year.The Insurance Corporation of B.C. said the “sizable and significant loss” is evidence of the growing financial pressures from a rapid increase in the number of collisions in the province, as well as the rising costs of those claims.“The number of crashes occurring across B.C. is continuing to escalate year-after-year. As a result, the number of claims we are receiving is growing by thousands each year,” the corporation said in a news release on Sunday.The cost of injury claims is closing in on $3 billion annually, ICBC said.The number of large loss claims, with an average payout of $450,000, has also spiked by 80 per cent in the last 12 months.The spike in the number of claims is also causing a slow-down in how quickly settlements are delivered.“This has particularly been the case with represented claims, which are taking even longer to settle. The longer a claim takes to settle, the more expensive it becomes,” ICBC said.ICBC said $935 million in net losses have already accumulated between April 1 and Dec. 31 last year, signalling that premiums are not covering payouts.The insurance provider asked the provincial utilities commission to hike basic and optional rates last fall to combat its financial crisis.Attorney General David Eby said in September that the rate hikes would mean the average driver can expect an annual increase of eight per cent or $130 per year on their insurance bill.Eby has previously said the Crown corporation’s financial problems are the fault of the former Liberal government for failing to address issues years ago.But Liberal caucus executive director Shane Mills said the previous government implemented strong measures to control costs, including a distracted driving campaign, raising premiums for some high-level vehicles and reducing executive pay.“As well, a third-party review was conducted on how to tie any rate increases to inflation, and is in the hands of the new government,” Mills said in a statement.Eby is expected to deliver his response to the latest losses Monday in Vancouver.Finance Minister Carole James was not available for comment Sunday on how the loss will affect the upcoming provincial budget.last_img read more