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 ...
According to the Superintendent’s 2024 annual report, property and casualty insurers selling auto in Alberta paid out roughly ...
Alberta's auto insurers lost more than $1 billion in the province in 2024, as IBC points to the impact of the province's ...
Auto insurers operating in Alberta lost about $1.2 billion in 2024 after paying out significantly more in claims and ...
Alberta’s rate cap is deepening financial losses in the province's auto insurance market, industry experts say, as a new ...
The Alberta Civil Trial Lawyers Association (ACTLA) sent out a release objecting to the proposed care-first auto insurance or ...
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 ...
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, ...
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.
The report notes insurers lost more than $1.2 billion on the sale of auto insurance in 2024, paying out more in claims and ...
The Insurance Bureau of Canada says recently released Alberta government figures show rate caps are "deepening the financial ...
The Alberta Civil Trial Lawyers Association (ACTLA) acknowledges the pressures on Alberta's insurance market but rejects the Insurance Bureau of Canada's (IBC) self-serving efforts to blame litigation ...
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