Alberta’s rate cap is deepening financial losses in the province's auto insurance market, industry experts say, as a new ...

According to the Superintendent’s 2024 annual report, property and casualty insurers selling auto in Alberta paid out roughly ...

Alberta's auto insurers lost more than $1 billion in the province in 2024, as IBC points to the impact of the province's ...

Auto insurers operating in Alberta lost about $1.2 billion in 2024 after paying out significantly more in claims and ...

A newly released government report shows that Alberta's rate cap is deepening the financial crisis in Alberta's auto insurance market.

Cumis General Insurance announced on Tuesday it plans to exit Alberta's automobile insurance market. (David Bell/CBC - image credit) Another auto insurer revealed plans to exit the Alberta market this ...

Insurance companies want a cap on how much they can increase premiums in Alberta, which could see a $400 increase per year. It is a 7.5 percent increase in 2026. Surprise, surprise. Not. The insurance ...

The report notes insurers lost more than $1.2 billion on the sale of auto insurance in 2024, paying out more in claims and ...

The Alberta Civil Trial Lawyers Association (ACTLA) acknowledges the pressures on Alberta's insurance market but rejects the Insurance Bureau of Canada's (IBC) self-serving efforts to blame litigation ...

Another auto insurer revealed plans to exit the Alberta market this week, with CUMIS General Insurance announcing its coming departure in 2026. CUMIS, which is a subsidiary of Co-operators General ...