Insurance rates spike for bars, school buses, and snow removal contractors…but the insurance industry is still making billions in profit
The Alberta Legislature returned last week to pass new legislation and allow the governing UCP and opposition NDP to spar over the myriad of political issues affecting Albertans.
The case of BC’s Scott Shepherd – who was recently injured by a drunk driver while walking along on Vancouver’s north shore – showcases just how unfair no-fault insurance is.
Albertans don’t want no-fault auto insurance. It’s no wonder why – no-fault auto insurance won’t save Albertans’ money, rewards bad drivers and punishes good ones,
The only ones popping champagne and celebrating this year are insurance companies. Unlike other industries – airlines, restaurants, hotels, and hospitality – the insurance industry has profited off the pandemic. Big time.
Just ask Ontario, Michigan, or Colorado
Ever since the Alberta government announced it was giving no-fault auto insurance another look, FAIR Alberta has been flooded with messages, comments and emails from Albertans who are speaking their minds about the proposal.
Last December in the wake of skyrocketing insurance rates, the Alberta government said it was going to review the province’s auto insurance system to help find savings for consumers and stabilize rates.
Records released by the Alberta government show that auto insurance companies in Alberta have been levied more than $1.5 million in fines for violating the Insurance Act by charging premiums at rates higher than approved by Alberta’s insurance regulator.
The insurance industry campaign to have Albertans pay for more for insurance but get less in coverage would hurt rural Albertans the most
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