Alberta Finance Minister Nate Horner told Postmedia that freeze is keeping rates down for now but isn’t a long-term solution for insurance companies.
“But I would say that it’s something that we can’t leave on forever. It was meant to be a short-term affordability measure, right at the peak of the affordability crisis.”‘Unfortunate development’: Executive concerned about withdrawal It’s possible other insurers will also opt to withdraw from offering vehicle coverage in Alberta, Sutherland said, voicing concern this could turn into a trend moving forward.
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