Alta. insurers forced out of business, offer reduced coverage under rate caps, report says

Canada News News

Alta. insurers forced out of business, offer reduced coverage under rate caps, report says
Canada Latest News,Canada Headlines
  • 📰 CTVCalgary
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 68%

When the Alberta government froze auto insurance rates in 2023, 60 per cent of insurers in Alberta suffered a significant financial loss, new data shows.

A new report says Alberta's cap on insurance rates is putting insurers out of business and costing drivers more for less coverage.

Sutherland says the cap has also forced many companies out of business while others have reduced the coverage they offer to customers. 'Extreme disregard for the safety of others': Lamborghini driver gets prison sentence for 2021 Toronto crash Jason Kelce issued an apology during ESPN's 'Monday Night Countdown' after a viral video captured a 'heated moment' between the retired Super Bowl champion and a fan over the weekend.U.S. Vice President Kamala Harris and former U.S. president Donald Trump have tied with three votes each in the tiny New Hampshire township of Dixville Notch, kicking off Election Day in one of the first places in the country to report its presidential preference.

Thousands of British Columbians woke up in dark homes Tuesday after a powerful storm knocked out power across the province’s South Coast the previous day.Business groups say the work stoppage at B.C. ports is the latest in a run of supply chain disruptions affecting Canadian companies and the country's economy.TeleMiracle has announced their cast list, including new and returning hosts and performers, as the fundraiser prepares to put on its 49th show.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CTVCalgary /  🏆 26. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alberta not aligned with federal pharmacare: provincial health ministerAlberta not aligned with federal pharmacare: provincial health ministerAdriana LaGrange, Minister of Health for Alberta, is pictured in a file photo from December 2023.
Read more »

Alberta's new primary care agency to launch by next month in health overhaulAlberta's new primary care agency to launch by next month in health overhaulAdriana LaGrange, Minister of Health for Alberta, is pictured in a file photo from December 2023.
Read more »

Final Alberta crop report shows better than average yields for southern Alberta farmersFinal Alberta crop report shows better than average yields for southern Alberta farmersAccording to the last Alberta crop report of 2024, 99.9 percent of crops in the south region have been harvested.
Read more »

Calgary's October home sales flat over 2023 but supply for lower-priced homes laggingCalgary's October home sales flat over 2023 but supply for lower-priced homes laggingCALGARY — The Calgary Real Estate Board says October home sales were mostly flat compared with last year's levels, but remained around one-quarter higher than long-term trends for the month.
Read more »

Flames 2023 first-round draft pick Sam Honzek out with upper-body injuryFlames 2023 first-round draft pick Sam Honzek out with upper-body injuryThe Flames' top 2023 draft pick, Sam Honzek, is out with an upper-body injury, the team announced Thursday.
Read more »

Federal Procurement Ombud releases 2023-2024 annual reportFederal Procurement Ombud releases 2023-2024 annual reportCanada's construction news
Read more »



Render Time: 2025-02-13 18:16:56