CALGARY, Alberta, June 19, 2023 (GLOBE NEWSWIRE) — A poll released by advocacy coalition Fair Alberta Insurance Regulations (FAIR Alberta) finds 69% of Albertans think insurance profits are currently too high and that an even larger number – 75% – feel more should be done to regulate windfall profits in the auto insurance market.

Since 2020, auto insurance companies in Alberta have amassed over $2.9 billion in pre-tax profit. At the same time, Albertans have seen large rate increases for auto insurance premiums, which is why groups like FAIR Alberta are calling for more consumer protections and greater transparency in the insurance industry.

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