ICBC raising insurance for speeders

[GG]

^

wtf? that shitty? passport does honor one year warranty tho

[Captain Bondo]

I agree with the thought of buying a radar detector, and disputing pretty much any ticket you get. The potential costs associated are disproportionate to the crime - 20 over on a clear sunny day should not have a potential penalty north of $800. Anyone in their right mind would fight that.

[7seven]

VANCOUVER (NEWS1130) - ICBC is backing away from a controversial proposal which would've seen things like a single speeding ticket factored into insurances 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 principals of a rate structure that differentiates 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.

http://www.news1130.com/news/local/a...uring-proposal

[quasi]

Originally Posted by 7seven

http://www.news1130.com/news/local/a...uring-proposal

LOL, where is Falcon who got on his high horse and called most people in this thread an idiot and suggest we do some research. It looks like it's ICBC that failed, there CEO even says they didn't do a good job communicating with the public.

[TheNewGirl]

http://www.cbc.ca/news/canada/britis...s.html?ref=rss

ICBC has withdrawn their proposal to add rate hikes for speeders.

ICBC withdraws controversial speeding ticket rate hikes


ICBC CEO and president Jon Schubert has been told to rethink a controversial proposal to hike the rates of drivers who get a single traffic ticket. ICBC CEO and president Jon Schubert has been told to rethink a controversial proposal to hike the rates of drivers who get a single traffic ticket. (CBC)

The Insurance Corporation of British Columbia has withdrawn its controversial proposal to hike the insurance rates of drivers who get a speeding ticket or other moving violations.

According to a statement issued by the Crown corporation on Monday morning, the move follows a meeting with the Minister of Public Safety and Solicitor General Shirley Bond, who told ICBC to ensure it applies a test of, "being reasonable - and a hike in premiums for a single speeding ticket is not reasonable."

"While the principals of a rate structure that differentiates between good drivers and bad drivers is worth considering, I've directed ICBC to go back to the drawing board and rethink the options," Bond was quoted in the statement.

ICBC's president and CEO Jon Schubert apologized for fumbling the proposal in the statement.

"We didn't do a good enough job of communicating with the public or with government about the changes we were considering, and we apologize for the concern this caused," said Schubert.
Proposal hit immediate opposition

The provincially-owned insurance company said Wednesday it plans to overhaul its rate structure to reward safe drivers and punish those with traffic violations. The penalties would cover all moving violations, including unsafe passing, following too close, and running a red light.

But the announcement immediately ran into opposition from both sides of the legislature with both the government and the opposition calling for ICBC to rethink the proposal.

ICBC says it will now undertake a provincewide consultation and rethink the proposal.

"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."

Details on where and how customers can provide feedback will be announced in the coming weeks.

"It is really important for us to get this right for our customers," said Schubert. "I want to assure customers that we will not recommend any changes without much broader consultation."

[TRDood]

That was short lived.
Posted via RS Mobile

[red_2]

So does this mean they are taking away the premium for speeders that just got 1 ticket right?

[TheNewGirl]

It means they've abandoned that plan and are looking for a new one.

Probably because too many MLAs have speeding tickets so they were all like "Bad ICBC! Bad!"

Since that is the ONLY reason I can imagine the Liberals and NDP agreeing on anything.

[TRDood]

Originally Posted by TheNewGirl

It means they've abandoned that plan and are looking for a new one.

Probably because too many MLAs have speeding tickets so they were all like "Bad ICBC! Bad!"

Since that is the ONLY reason I can imagine the Liberals and NDP agreeing on anything.

Or to make it simpler, increase rates overall.

[Edison_Chen]

I can probably see them, being more lenient on the number of ticket a person gets before they jack up the premium.

[Captain Bondo]

Problem is, with the driver risk premium BS, you basically already pay higher premiums, given that a single excessive speed ticket costs $320 every year for 3 years.