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Tag: premiums

Insurers back call for Alberta auto hikes

Some insurance companies appearing at public hearings of Alberta’s Auto Insurance Rate Board have called for a steep and swift increase in basic auto premiums.

    But some recommended staggered increases to ease the blow while others suggested the board dispense with industry-wide rate setting altogether.
    ING Insurance recommended an industry-wide hike of 37%. “Not all [...]

MPI applies for Autopac rate reduction for 2009

Citing declining auto theft claims, Manitoba Public Insurance is seeking a 1% overall reduction in Autopac rates for 2009-2010.
    Most premiums would rise or fall by less than $20, with an average passenger vehicle premium of $853.
    In its rate application to the provincial Public Utilities Board, MPI proposed a rate menu that would see [...]