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 ...
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.
Canadian Underwriter

Alberta auto insurers awash in red ink, government report shows

Alberta's auto insurers lost more than $1 billion in the province in 2024, as IBC points to the impact of the province's ...
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 ...
Insurance Business America

Alberta auto insurers bled $1.2B and paid 18% more than premiums as fears of market pullouts grow

According to the Superintendent’s 2024 annual report, property and casualty insurers selling auto in Alberta paid out roughly ...