Alberta’s rate cap is deepening financial losses in the province's auto insurance market, industry experts say, as a new report found auto insurers lost more than $1.2 billion in 2024. The latest ...
Newly released data from Insurance Bureau of Canada (IBC) shows that auto theft rates in Alberta continue to soar well above ...
Under Alberta’s Insurance Act, products that meet the definition of “insurance” must be underwritten by a licenced insurer and may only be sold by a licenced agent (which includes a business, such as ...
High vehicle repair costs, more claims and vehicle theft will drive pressure on auto insurance premiums in Alberta and ...
In the past three years, Alberta has introduced various reforms to reduce the cost of automobile insurance. Despite these efforts, premiums have climbed steadily and now averages roughly $1,835 per ...
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Alberta’s auto insurance cap is squeezing insurers — and more drivers are feeling it, too
Growing strain in the province’s insurance market is raising fresh questions about what drivers could face next ...
On December 19, 2024, the Alberta Superintendent of Insurance published a revised version of Bulletin 05-2024 (“Superintendent’s Bulletin”) on the treatment of motor vehicle warranty contracts, ...
A new report by the Montreal Economic Institute (MEI) finds that auto insurance rate caps are doing more harm in the long-term than good. (Credit: Larry Wong) Alberta has capped auto insurance rates ...
Add Yahoo as a preferred source to see more of our stories on Google. Insurance companies in Alberta lost more than $1 billion in auto insurance sales in 2024, according to a new report from the ...
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