During the past 10 years, the Canadian automobile insurance industry’s underwriting results have changed dramatically as reflected by the significant variations in the direct loss ratio according to a special report by A.M. Best Co.From 1996 to 1998, the industry direct loss ratio remained flat at around 75. Premiums did not grow and claims incurred […]
Alberta fines State Farm $45,000
Companies facing charges for failing to file automotive insurance reports
Advertisements offered consumers six months free auto insurance and 50% savings
Error denied discount to 3,800 customers
Error denies discount to 27,300 customers
International firms to implement polices for 2005
Nine companies sanctioned by Alberta regulator
Amendments aimed at enhancing competition in optional insurance market
Seeks comment on how to address rising premiums