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

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

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

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