ALBERTA CANADA LAWMAKERS MAY RAISE INSURANCE

TRY drhowell.net SEARCH

After years of complaints, Alberta drivers finally got a break in 2004 when the provincial government instituted reforms to what many considered were inflated insurance premiums. Since that time, the AIRB has played a regulatory role, reducing mandatory insurance rates for exemplary Alberta drivers by 18 per cent. At the same time, premiums for new- or less-experienced drivers were capped by a grid, and as they gain experience and drive without claims and convictions, they move down the premium grid.

During public consultation this past Monday and Tuesday, insurers pressed the AIRB to raise premiums, arguing that current rates are not sustainable.[...read more...]