Under Alberta’s Insurance Act, products that meet the definition of “insurance” must be underwritten by a licenced insurer and may only be sold by a licenced agent (which includes a business, such as ...

On December 19, 2024, the Alberta Superintendent of Insurance published a revised version of Bulletin 05-2024 (“Superintendent’s Bulletin”) on the treatment of motor vehicle warranty contracts, ...

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 ...

CALGARY, Alberta, April 04, 2024 (GLOBE NEWSWIRE) -- As the Alberta government considers further auto insurance reforms, a poll released by advocacy coalition Fair Alberta Insurance Regulations (FAIR ...

High vehicle repair costs, more claims and vehicle theft will drive pressure on auto insurance premiums in Alberta and ...

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 ...

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. However, a new report has found rate caps do more harm than good.

Newly released data from Insurance Bureau of Canada (IBC) shows that auto theft rates in Alberta continue to soar well above ...

Add Yahoo as a preferred source to see more of our stories on Google. Insurance companies in Alberta lost more than $1 billion in auto insurance sales in 2024, according to a new report from the ...

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 ...