Source Feed: The Globe and Mail
Author: Lisa Johnson
Publication Date: November 21, 2024 - 20:31
Alberta pitches new rules for auto insurance, including rate hikes, no-fault claims
November 21, 2024
Alberta Premier Danielle Smith says her government is making major changes to auto insurance, including allowing rate hikes and switching to a predominantly no-fault claims model.Under the new system, car accident victims in most cases won’t be able to sue the party responsible for their injury and, instead, insurers would pay compensation at rates set by the government.By cutting down litigation costs, the government estimates that when the new system is in place in 2027, it could lead to savings of up to $400 per year for the average insurance premium.
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