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.

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, ...

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.

CALGARY, Alberta, April 04, 2024 (GLOBE NEWSWIRE) -- As the Alberta government considers further auto insurance reforms, a poll released by advocacy coalition Fair Alberta Insurance Regulations (FAIR ...

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.

Growing strain in the province’s insurance market is raising fresh questions about what drivers could face next ...

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.

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.

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 ...