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 12, 2024, the Alberta Superintendent of Insurance (the “Superintendent”) issued Interpretation Bulletin 08-2024 (the “Bulletin”) extending the ability of captive insurers to reinsure ...
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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 ...
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. However, a new report has found rate caps do more harm than good. The report by ...
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.
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 ...
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