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.
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.
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, ...
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 ...
Preszler Injury Lawyers, Calgary Alberta is a province known for its vast landscapes, bustling cities like Calgary and ...
The Alberta Civil Trial Lawyers Association (ACTLA) sent out a release objecting to the proposed care-first auto insurance or ...
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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 ...
EDMONTON - The Insurance Bureau of Canada says recently released Alberta government figures show rate caps are “deepening the financial crisis” for auto insurers in the province. The 2024 annual ...
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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