News
Alberta’s auto insurance cap is squeezing insurers — and more drivers are feeling it, too
1+ day, 4+ hour ago (685+ words) 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 questions about what drivers could face next. According to a…...
Auto Insurers Paid Out 18% More Than Collected, Losing $1.2B in 2024, according to government report
1+ week, 5+ day ago (449+ words) Alberta's Superintendent of Insurance expects losses to worsen due to ongoing rate cap EDMONTON, AB, Jan. 9, 2026 /CNW/ - A newly released government report shows that Alberta's rate cap is deepening the financial crisis in Alberta's auto insurance market. Alberta's auto insurers…...
Insurance Risks When Borrowing a Car: Know Before You Drive
4+ mon, 3+ week ago (380+ words) TAMPA, Fla., Aug. 29, 2025 /PRNewswire/ -- Recently,USInsuranceAgents.com published an investigation into whether an uninsured driver can borrow a car, bringing up the age-old question: Does insurance follow the driver or the car? The report revealed that in most cases, coverage…...
Report finds including limited right to sue in new Alberta auto insurance model could cost drivers up to $136 annually
6+ mon, 3+ week ago (345+ words) Province's Care-First system unlikely to deliver premium savings for drivers'unless changes are made "Drivers deserve an auto insurance system that they can count on when they need it," added Sutherland. "IBC and its members are eager to work with the…...
Litigation costs affecting commercial insurance
6+ mon, 4+ week ago (504+ words) Suing a person or a company is often easier said than done, at least in Canada. It takes a lot of effort, money and time. But according to a new report from global law firm Dentons LLP, third-party investors are…...
U.S. tariffs drive up auto insurance in Alberta
7+ mon, 2+ day ago (503+ words) President Donald Trump's tit-for-tat tariff war has led to innumerable impacts, not all of them obvious. For instance, virtually no one predicted how the on-again-off-again U.S. tariffs would impact Alberta's insurance market. Sadly, that's exactly what has happenened. "There is a…...
Truth About Tariffs: US trade dispute adding costs and straining availability of insurance coverage for Alberta drivers
7+ mon, 2+ week ago (507+ words) Insurance Bureau of Canada sounds alarm as tariff action strains auto insurance market due to rate cap" EDMONTON, AB, June 5, 2025 /CNW/ -"The economic impact of the U.S. trade war is adding further strain to Alberta's"embattled auto insurance market, prompting Insurance…...
Insurance Bureau of Canada welcomes passing of Alberta's Bill 47, the Automobile Insurance Act
8+ mon, 1+ week ago (284+ words) Government needs to move urgently to implement new model by 2027 EDMONTON, AB, May 15, 2025 /CNW/ - Today, Bill 47, the Automobile Insurance Act, was given Royal Assent in the Alberta legislature. After the legislation was passed into law, Aaron Sutherland, Vice-President, Pacific and…...
Quebec's failed auto insurance digital shift could cost $500M, inquiry hears
8+ mon, 3+ week ago (433+ words) MONTREAL " A public inquiry examining a failed digital shift by Quebec's automobile insurance board heard Monday it could end up costing the province nearly half a billion dollars more than initially planned. Alain Fortin, Quebec's interim auditor general, testified that…...
Despite increasing auto insurance premiums and industry challenges, consumers still trust their insurers: RATESDOTCA Annual Best Auto Insurance Study
11+ mon, 4+ week ago (612+ words) The auto insurance industry faced numerous challenges in 2024, with the auto theft crisis, increasing cost of repairs and higher claims payouts pushing premiums ever higher. Auto insurance premiums in Canada have risen more than 12% on average over the past year,…...