ICYMI: Advocate warns of 'domino effect' in Alberta with auto insurance company's looming exit ableg abpoli abgov
Brown said that without changes, other carriers may also elect to pull their services.
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 proposed the province allow insurers to offer The province continues to look for solutions to high insurance prices that are sustainable in the long term, said Finance Minister Nate Horner.
When they are forced to artificially control pricing, even though the pricing of claims continues to rise … and yet they cannot charge rates commensurate with those costs, it really puts them in a difficult position.Meaghon Reid, executive director of Vibrant Communities Calgary — which advocates for affordability in the city — said she hopes the Alberta government finds a way to decrease insurance costs for struggling Albertans.
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