November 2023: Alberta government announces auto insurance reforms
The Alberta government has announced new reforms to help control auto insurance costs, as well as a third-party policy review exploring longer term reforms to the system.
The new reforms seek to limit the rate increase for “good drivers” to the rate of inflation and to provide more power to the insurance industry regulator to order premium rebates for consumers during high-profit years.
The third-party systems review will examine auto-insurance systems in other jurisdictions with a draft report expected by the end of 2023 and a final report in the first quarter of 2024.
You can read the Alberta government’s description of these reforms here: