Alberta’s rate cap is deepening financial losses in the province's auto insurance market, industry experts say, as a new ...
Alberta's auto insurers lost more than $1 billion in the province in 2024, as IBC points to the impact of the province's ...
CNW/ - A newly released government report shows that Alberta's rate cap is deepening the financial crisis in Alberta's auto ...
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, ...
Auto insurers operating in Alberta lost about $1.2 billion in 2024 after paying out significantly more in claims and ...
According to the Superintendent’s 2024 annual report, property and casualty insurers selling auto in Alberta paid out roughly ...
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 Alberta Civil Trial Lawyers Association (ACTLA) sent out a release objecting to the proposed care-first auto insurance or ...
I am an accident reconstruction engineer that has been reconstructing accidents since 1999. Many Albertans are unaware of the government’s proposed auto insurance changes that are coming Jan. 1, 2027.
Under Alberta’s incoming Care-first auto insurance model, which goes into effect on Jan. 1, 2027, insurers and brokers can expect to operate under a “dual system” for a while as the final claims from ...
The cost of auto theft has spiked dramatically in Alberta over the past three years, according to data from Insurance Bureau of Canada. The national trade association representing insurers said auto ...