Right to sue could lower projected savings under Alberta's auto reforms

Alberta auto insurers slower to respond to risk than other Prairie provinces, says report

The tighter the regulations on the auto-insurance industry, the harder it is for auto-insurers to do their jobs — i.e., respond to unanticipated risks and adjust premiums as needed — a new report has found.

Right to sue could lower projected savings under Alberta's auto reforms

iStock.com/selensergen Preserving a limited right to sue at-fault drivers under Alberta’s proposed ‘Care First’ auto reform means the province’s drivers might wind up paying an average of $136 more annually for car insurance, Canada’s insurers say. Insurance Bureau of Canada commissioned MNP to do a cost impact study of including a limited right to sue at-fault drivers under the province’s proposed new no-fault auto insurance model. IBC released…