ICBC seeks rate cut for low-risk drivers

CBC News Tuesday 15th May, 2012

B.C drivers who are at low risk of getting into a crash may soon be rewarded for their good records. The Insurance Corporation of B.C. is considering shifting gears on how it prices basic insurance, where the coverage will be driver-focused instead of centring on the current rating system that uses a car's claims history. ICBC says it's launching a series of provincewide public consultations to glean whether the structural change has support. ...

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