ICBC and Speedy Glass settle legal action

A legal action brought by the Insurance Corp. of British Columbia (ICBC) against Speedy Glass for having allegedly violated market practices under the crown insurer’s "Glass Express" repair program has been settled.ICBC charged that a number of Speedy Glass outlets operating in B.C. waived deductibles on repairs and had paid referral fees to auto dealerships and bodyshops. Even though consumes were charged according to ICBC’s approved pricing, the waiving of deductibles contravened the insurer’s guidelines. Speedy Glass has agreed to pay ICBC the amount of all waived deductibles and referral fees, as well as legal and investigative costs.A number of Speedy Glass outlets will continue to be suspended from the Glass Express program, an ICBC statement says. "The senior management team at Autostock International [the owner of Speedy Glass] and Speedy Glass has cooperated fully with ICBC and we are satisfied with the steps taken by them to resolve this matter," comments Bill Goble, president of ICBC.