ICBC has withdrawn its plan to make drivers with speeding tickets or other recent traffic violations pay more in order to give those with a clean record deeper discounts (Sentinel, May18).
Public Safety minister Shirley Bond said she ordered the public auto insurer to “go back to the drawing board and rethink the options”.
Bond said any hike in premiums from a single speeding ticket was “not reasonable” but left the door open for changes based on driving records, rather than just at-fault claims.
ICBC president and CEO Jon Schubert said, “We’re going to take a step back and rethink the options for a reasonable way to share risk, and we’ll do a much better job of gathering public input.”