ICBC retracts rate restructuring proposal
Posted May 16, 2011 11:24:05 AM.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – One speeding ticket will not make you a bad driver! ICBC is backing away from a controversial proposal which would have seen things like a single speeding ticket factored into insurance rates.
The move follows a promised meeting with Solicitor General Shirley Bond. She doesn’t mind the idea, but has asked ICBC to rethink the options.
“While the principles of a rate structure that differentiate between good drivers and bad drivers is worth considering, I’ve directed ICBC to go back to the drawing board and rethink the options,” said Bond. “My job is to make sure that I’m looking after what’s best for BC families.”
ICBC will now undertake a province-wide consultation to get your opinion. “We didn’t do a good enough job of communicating with the public or with the government about the changes we were considering, and we apologize for the concern this caused,” says ICBC president and CEO Jon Schubert.
Meantime, NDP finance critic Bruce Ralston says the move probably means the Liberals don’t want to deal with higher insurance rates heading into a provincial election.
“If there is some sort of opposition to these kinds of measures, at this point she is prepared to listen. But given the record of the BC Liberals I don’t think they’ll listen in the long term, that’s for sure.”
When the plan was brought up in the Legislature last week, Ralston called on the government to scrap it immediately.
