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 ...
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.
Alberta’s auto insurers collectively lost $1.2 billion in 2024, with a majority of the province’s auto insurers reporting financial losses, according to the latest annual report from the province’s ...
The Alberta Civil Trial Lawyers Association (ACTLA) sent out a release objecting to the proposed care-first auto insurance or ...
Drivers shopping for car insurance in 2026 are facing a wide spread in both price and experience. Insure.com’s latest Best Auto Insurance Companies analysis — built from nearly 2,000 customer surveys ...
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