http://www.canada.com/calgaryherald/...c-0c7a4d1e84a5
Costs to drivers will spike an average of 11 per cent if a cap on compensation is not kept in place, a new report suggests, as Alberta's auto insurance rate board prepares to hear arguments on whether to change premiums or maintain the current rate.
The increase suggested in the report would mean a premium increase of between $60 and $75 dollars per year for many Albertans, based on compulsory insurance rates of about $600 to $700.
http://calsun.canoe.ca/News/Alberta/...90331-sun.html
Alberta's failed experiment with a government-imposed cap on claims for minor injuries will come home to roost for drivers this week as the insurance industry seeks approval for a hefty rate hike.
...
Two days of hearings are to start tomorrow in Calgary to determine whether the increase will be approved.
Hearings begin on June 17, 2008 at 9:00 am in the Telus Convention Centre. The Insurance Bureau of Canada and the Facility Association are up first