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 ...

A new report by the Montreal Economic Institute (MEI) finds that auto insurance rate caps are doing more harm in the long-term than good. (Credit: Larry Wong) Alberta has capped auto insurance rates ...

Growing strain in the province’s insurance market is raising fresh questions about what drivers could face next ...

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 ...

In the past three years, Alberta has introduced various reforms to reduce the cost of automobile insurance. Despite these efforts, premiums have climbed steadily and now averages roughly $1,835 per ...

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