Page 2 - Aaron Sutherland News Today

Edmonton, Alberta — The Insurance Bureau of Canada (IBC) reports that Alberta’s ‘good’ drivers are being forced to pay auto insurance premiums to subsid

While awaiting direction from the Alberta government on long-term reform to auto insurance, P&C advocates have suggested short-term options.

The Insurance Bureau of Canada also called out the Alberta government for the provinces auto insurance rate cap, introduced last November.

The Insurance Bureau of Canada also called out the Alberta government for the provinces auto insurance rate cap, introduced last November.

Most Albertans are unaware the taxes exist, said the Insurance Bureau of Canada. It wants the Alberta government to get rid of them while it looks at long-term changes to save drivers costs.

Two business groups are calling on Albertas government to eliminate certain taxes on auto insurance premiums to lower rates for drivers.

For all the smoke, fire and flood that happened across Canada this year, damage to property in Alberta alone exceeded $330 million.

Two wildfires in B.C.'s southern interior caused more than $720 million in insured losses last year, making them the most costly insured extreme weather event the province has ever seen, according to a new report.

A new report says Canada exceeded $3.1 billion in insured damage from severe weather in 2023. According to Catastrophe Indices and Quantification Inc. (CatIQ), its the second year in a row that Canada exceeded the $3-billion mark in insured damage from natural catastrophes or bad weather events.

Alberta's promise to cap auto insurance rate increases for “good drivers” will not help consumers achieve affordability, experts warn.