EDMONTON (CBC) – Drivers in Alberta will see premiums for basic auto insurance reduced by five per cent starting Nov. 1 after an announcement Wednesday by the province’s Automobile Insurance Rate Board.
ADVERTISEMENT
The AIRB sets the annual rates for insurance premiums in Alberta. The chairman of the board, Alf Savage, attributed the rate drop to a Court of Appeal Ruling in June that restored a controversial cap on the payouts for soft-tissue injuries.
The $4,000 cap was first introduced in 2004 and overturned in a court challenge in February 2008. But the cap now $4,504 was implemented immediately following the Court of Appeal ruling on June 12.
Read more...
Source
Comments:
I guess Alberta has initiated the precedence in lowering the insurance rates.
Who's next to follow...Toronto?
Wednesday, September 23, 2009
Monday, September 21, 2009
Monday, September 14, 2009
Hello and Welcome
Hi there!
Canadians are looking for the cheapest auto insurance in its respective city or community where they live.
This site is canadian for canadians looking to satisfy their cheap auto insurance needs.
Talk to you in the next post.
Canadians are looking for the cheapest auto insurance in its respective city or community where they live.
This site is canadian for canadians looking to satisfy their cheap auto insurance needs.
Talk to you in the next post.
Subscribe to:
Comments (Atom)
