According to the Superintendent’s 2024 annual report, property and casualty insurers selling auto in Alberta paid out roughly ...
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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 ...
Alberta's auto insurers lost more than $1 billion in the province in 2024, as IBC points to the impact of the province's ...
The report notes insurers lost more than $1.2 billion on the sale of auto insurance in 2024, paying out more in claims and ...
Auto insurers operating in Alberta lost about $1.2 billion in 2024 after paying out significantly more in claims and ...
The Canadian Press on MSN
Insurers taking losses due to Alberta auto rate cap: Insurance Bureau of Canada
The Insurance Bureau of Canada says recently released Alberta government figures show rate caps are "deepening the financial ...
The cost of auto theft has spiked dramatically in Alberta over the past three years, according to data from Insurance Bureau of Canada. The national trade association representing insurers said auto ...
Under Alberta’s incoming Care-first auto insurance model, which goes into effect on Jan. 1, 2027, insurers and brokers can expect to operate under a “dual system” for a while as the final claims from ...
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