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.

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.

 

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