Alberta’s rate cap is deepening financial losses in the province's auto insurance market, industry experts say, as a new ...
According to the Superintendent’s 2024 annual report, property and casualty insurers selling auto in Alberta paid out roughly ...
Auto Insurers Paid Out 18% More Than Collected, Losing $1.2B in 2024, according to government report
CNW/ - A newly released government report shows that Alberta's rate cap is deepening the financial crisis in Alberta's auto ...
Auto insurers operating in Alberta lost about $1.2 billion in 2024 after paying out significantly more in claims and ...
Alberta's auto insurers lost more than $1 billion in the province in 2024, as IBC points to the impact of the province's ...
Insurance companies want a cap on how much they can increase premiums in Alberta, which could see a $400 increase per year. It is a 7.5 percent increase in 2026. Surprise, surprise. Not. The insurance ...
EDMONTON, Alberta, Oct. 22, 2025 (GLOBE NEWSWIRE) -- The Alberta government has released draft regulations for its proposed no-fault auto insurance system, and FAIR Alberta has found they include what ...
Cumis General Insurance announced on Tuesday it plans to exit Alberta's automobile insurance market. (David Bell/CBC - image credit) Another auto insurer revealed plans to exit the Alberta market this ...
How much would you pay to insure your vehicle? Would you pay $3,000, $4,000 even $5,000 per year? What about $7,000? For one Edmonton resident, that question isn’t rhetorical. Wali Hassan, a 21 ...
Another auto insurer revealed plans to exit the Alberta market this week, with CUMIS General Insurance announcing its coming departure in 2026. CUMIS, which is a subsidiary of Co-operators General ...
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