Auto Insurers Paid Out 18% More Than Collected, Losing $1.2B in 2024, according to government report

CNW/ - A newly released government report shows that Alberta's rate cap is deepening the financial crisis in Alberta's auto insurance market. In its ...
Money.ca on MSN

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 ...
Edmonton Journal on MSN

Alberta's auto insurance premium caps doing more harm than good: report

Alberta has capped auto insurance rates at 7.5 per cent for good drivers in 2026, with a new system set to come in 2027.
Canadian Underwriter

Alberta auto insurers awash in red ink, government report shows

Alberta's auto insurers lost more than $1 billion in the province in 2024, as IBC points to the impact of the province's ongoing rate cap.