Best's News


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, . . .

-- This content requires a subscription --

Already a Subscriber?

Log in  Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

  • BestDay
  • Best's News
  • Best's Review
  • Best's Research
  • Best's Special Reports & Commentaries
  • Best's Rankings
  • and more...

Subscribe

Receive emails featuring AM Best's news and research
Opt-in

Regulation Losses Rates Catastrophes Property And Casualty Insurers Personal Automobile Insurance


Latest News

BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Mereo Insurance Limited
Mar 13, 2026 09:13 AM (EDT)
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of KBFG Insurance (China) Co., Ltd.
Mar 13, 2026 08:38 AM (EDT)
SPECIAL REPORT
Best’s Commentary: AM Best Comments on How a Prolonged Middle East Conflict Will Test Global Market Resilience of (Re)Insurers
Mar 12, 2026 04:44 PM (EDT)
INSURANCE-LINKED SECURITIES
Vantage Chief Executive: Broadening ILS Market Drives Innovation, Investor Engagement
Mar 12, 2026 04:07 PM (EDT)
PEOPLE IN INSURANCE
Specialty MGA Nexus Underwriting Names Unit Head of UK Financial Institutions
Mar 12, 2026 03:52 PM (EDT)

More from Best’s News


Trending

1
OCEAN MARINE INSURANCE
Chubb to Lead $20 Billion US Gulf Marine Reinsurance Program
Mar 11, 2026 05:11 PM (EDT)
2
ARTIFICIAL INTELLIGENCE
Nippon Life Sues OpenAI for Illegally Practicing Law in Dispute Over Settled Claim in Illinois
Mar 11, 2026 04:42 PM (EDT)
3
BEST'S NEWS
Best's News: Best’s Ranking Finds Progressive Edges Out State Farm as No. 1 in US Total Auto
Jun 20, 2025 04:14 PM (EDT)
4
SETTLEMENTS (LITIGATION)
Aetna Reaches $117.7 Million False Claims Act Settlement
Mar 11, 2026 03:15 PM (EDT)
5
CAPTIVE INSURERS
Federal Court Rules in Favor of IRS in Microcaptive Case
Mar 11, 2026 04:30 PM (EDT)

    

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)