Best's News

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, . . .

-- This content requires registration --

Already registered?

Login

Not registered?

Register for free

Regulation Losses Rates Catastrophes Property And Casualty Insurers Personal Automobile Insurance


Latest News

OCEAN MARINE INSURANCE
Chubb to Lead $20 Billion US Gulf Marine Reinsurance Program
Mar 11, 2026 05:11 PM (EDT)
PEOPLE IN INSURANCE
Chubb Names Successor to Global Operations, Technology and Digital Transformation Lead
Mar 11, 2026 04:48 PM (EDT)
ARTIFICIAL INTELLIGENCE
Nippon Life Sues OpenAI for Illegally Practicing Law in Dispute Over Settled Claim in Illinois
Mar 11, 2026 04:42 PM (EDT)
BEST'S CREDIT RATING ACTION
AM Best Upgrades Credit Ratings for Members of CapSpecialty Insurance Group
Mar 11, 2026 04:36 PM (EDT)
CAPTIVE INSURERS
Federal Court Rule in Favor of IRS in Microcaptive Case
Mar 11, 2026 04:30 PM (EDT)

More from Best’s News


Trending


    

1
STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)
2
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Nationwide Mutual Insurance Company and Its Key Operating Subsidiaries
Nov 07, 2025 09:02 AM (EST)
3
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of The Allstate Corporation and Its Core Subsidiaries
Aug 28, 2025 04:29 PM (EDT)
4
BEST'S CREDIT RATING ACTION
AM Best Revises Outlooks to Negative for Knight Insurance Company Ltd. and Its Affiliates
Apr 17, 2025 09:18 AM (EDT)
5
MUTUAL INSURERS
Mutual of Omaha Board Approves Reorganization as Mutual Holding Company
Apr 07, 2025 02:12 PM (EDT)