Advocate warns of 'domino effect' in Alberta with auto insurance company's looming exit

Province looking at more sustainable measures

Short-term, he suggested the province suspend its four per cent tax premium on auto insurance instead of pausing rates — which would provide immediate savings for every driver in the province.He noted that IBAA has put a proposal to the province to allow insurers to offer “Premier Danielle Smith made auto insurance affordability a priority in my mandate letter that was released last week,” he said in a written statement to Postmedia. “I look forward to discussing this topic further with the industry and my colleague, Minister of Affordability Nathan Neudorf, as we work together to provide solutions that fit the needs of Alberta drivers.”

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Advocate warns of 'domino effect' in Alberta with auto insurance company's looming exitThe Insurance Brokers Association of Alberta is warning of a potential exodus after a provider said it would pull out of the province.
Source: calgaryherald - 🏆 64. / 52 Read more »

Advocate warns of 'domino effect' in Alberta with auto insurance company's looming exitThe Insurance Brokers Association of Alberta is warning of a potential exodus after a provider said it would pull out of the province.
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As many as 16,000 Albertans to be out auto insurance after company pulls outAlberta Finance Minister Nate Horner told Postmedia the insurance rate freeze is keeping rates down for now but isn\u0027t a long\u002Dterm solution.
Source: calgaryherald - 🏆 64. / 52 Read more »