Since 2017, Alberta insurers have faced multiple rate interventions. The government imposed a 5% rate cap between 2017 and 2019, followed by a full rate freeze in 2023, a 3.7% “good driver” rate cap ...

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. The latest ...

Some are forgoing buying a second car, driving their cars longer, or choosing to drive less expensive ones to insure ...

Auto insurers in Alberta paid out significantly more in claims and expenses than they collected in premiums last year, underscoring growing strain in the province’s insurance market, and raising fresh ...

Albertans pay among the highest premiums for auto insurance in Canada and the provincial government has said the changes would shave off up to $400 per year of those costs. IBC has said rising legal ...

This crowd must have a full closet of crying towels. They sure go through a lot of them.

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 ...