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Company pulling out, leaving as many as 16,000 Albertans out auto insurance

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Company pulling out, leaving as many as 16,000 Albertans without auto insurance

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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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: nationalpost - 🏆 10. / 80 Read more »