News
Posthaste: Insurance premiums are surging in Canada — especially in these cities
2+ hour, 31+ min ago (812+ words) Insurance costs are surging in Canada, pushing this household expense up from just a "background bill to a core cost-of-living pressure," says a new report. Seventy-five per cent of households in the country reported premium increases in auto and home…...
Claims are faster, frustrations are fading — yet auto insurance costs loom large
1+ mon, 2+ week ago (733+ words) New findings from the Rates.ca Annual Best Auto Insurance Study 2026 show that 81% of Canadians who filed an auto insurance claim in the past year were satisfied with the claims process (an 8% improvement from 2023). Yet affordability remains a dominant concern,…...
4 costly financial pitfalls that hit grieving spouses — and the steps to take now to protect yourself later
1+ mon, 2+ week ago (857+ words) Losing a spouse can be devastating " but amid that grief, the surviving partner is often left making high-stakes financial decisions at the worst possible time. Income might drop overnight, yet the bills keep coming and major financial decisions need to…...
Alberta’s auto insurance cap is squeezing insurers — and more drivers are feeling it, too
1+ mon, 3+ week 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
2+ mon, 1+ week 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
6+ mon, 2+ 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
8+ 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…...
Truth About Tariffs: US trade dispute adding costs and straining availability of insurance coverage for Alberta drivers
9+ mon, 1+ 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
10+ mon, 2+ day 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…...
Litigation costs affecting commercial insurance
8+ mon, 3+ 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…...