Water: The Leading Cause of Home Insurance Payouts

Last updated at May 18, 2017, 11:23am

According to the Insurance Bureau of Canada (IBC), water damage has now surpassed fire as the #1 cause of home insurance payouts. IBC is now calling for a flood mitigation plan to address the increasing threat. IBC ...More

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Alberta Insurance Rates Continue to Rise After Fort McMurray Fires

Last updated at May 5, 2017, 2:05pm

Alberta will see insurance rates continue to rise following what is becoming a trend of costly natural disasters. Financial Post writes that insurance rates in Alberta increased after the fires in Fort McMurray because there are more catastrophic losses claimed in Alberta than in other ...More

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Prices for mandatory car insurance coverage in Alberta to increase

Source: ARC Insurance Brokers

Last updated at August 1, 2012, 1:25pm

With approval from the Alberta Insurance Rate Board, many insurance companies in Alberta are expected to raise the prices this year on basic vehicle insurance coverage by 5%. This change will affect third party liability and accident benefits coverage...More

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Intact Insurance acquires AXA Canada for $2.6 billion

Source: ARC Insurance Brokers

Last updated at May 31, 2011, 4:12pm

Today, the largest property & casualty insurance provider in Canada got even bigger with the purchase of AXA Canada, the 6th largest home, auto and business insurer for the amount of $2.6 billion. This merger is expected to greatly strengthen Intact's underwriting for commercial insurance in Alberta...More

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Does type of car affect liability premium?

by GTR

Last updated at June 29, 2009, 1:37pm

This is a recent question that was posed on a local message board, and is a great one to illustrate the intricacies of Automobile insurance in Alberta. Basically, the user was curious as to whether the year, make and model of a vehicle could have an impact on the liability section for his insurance premium. The answer... More

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