According to the attached article, Alberta is to enjoy another auto insurance rate decrease of 5% on mandated third party liability and accident benefits coverage. In the short term, this will be good for the Alberta consumer, however the government ordered decrease is not likely sustainable in the long run. Even the Alberta government’s own actuary has advised against this latest rate setting move by the government.
Read the article by Canadian Underwriter
Important to note – these rate cuts seldom apply to our Commercial Insurance Clients – only personal auto policies.
As always, if any questions, “call-us” first for all of your Business Insurance needs !