Category: Hot Topics

The insurance industry campaign to have Albertans pay for more for insurance but get less in coverage would hurt rural Albertans the most

What if the very best you can hope for after you’ve had an automotive accident is “pain management?”

What if insurance reform in Alberta actually benefits Saskatchewan taxpayers ahead of Alberta’s consumers? Stay with us because it’s actually not as crazy as it sounds.

The insurance industry in Alberta likes to claim that their proposed auto insurance reforms will result in “more care” and better results for those injured in automobile accidents. There’s only one problem: medical professionals don’t agree.

The numbers show insurance companies are doing more than fine in Alberta. In the past two years, insurance companies have made almost a BILLION dollars here in the province. That sounds like a pretty good return. And records show more private insurers have entered the Alberta market, while none have left.

Multinational insurance companies are lobbying for major concessions from the Alberta government that would bolster their profits but a new analysis shows that insurers are already expected to experience a pre-tax profit of almost $1 billion in 2019-2020.

Survey by Nanos Research for FAIR Alberta indicates people want choice and trust courts more than insurance companies to settle outcomes for automobile accidents ⤓

Experiences in other provinces such as Ontario, show that Insurance-run no fault programs only result in higher profits for insurance companies, not in savings for consumers – a WLU Study shows.

Industry claims don’t pass muster and everyone would benefit from more openness