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.
Money.ca on MSN
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 ...
The average American pays $2,679 per year for full coverage car insurance, according to Bankrate. But with insurance rates climbing 5.3% from a year ago and tariffs threatening to push them higher, ...
The Canadian Press on MSN
Insurers taking losses due to Alberta auto rate cap: Insurance Bureau of Canada
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.
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