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Best’s News & Research Service subscription required - January 09, 2026 04:44 PM (EST)

IBC: Rate Cap Could Be Reason Auto Claims, Expenses in Alberta Exceeded Revenue in 2024

Automobile insurance claims and expenses in Alberta exceeded revenue by C$1.2 billion ($865.3 million) in 2024, a sign the province's rate cap is deepening a financial crisis in the market, . . .

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