Quote:
Originally Posted by fredr123
http://www.canada.com/calgaryherald/...6-1a5925d1b395
Update from the first day of AIRB hearings. IBC is calling for a 37% increase to premiums. An actuary contracted by the AIRB said even if there is no cap in place and insurance companies have to pay out thousands more in individual claims, Albertans' mandatory insurance rates should go down by 3.2 per cent.
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Great news, though we'll see how it plays out.
Really annoying that at a time when most are feeling the pinch; and around the world in a more desperate way, companies aren't being forced to feel the effects, because they can just pass costs on. I don't see why they can't take a dip in profit while the markets or economies are dipped too? Naive I know.
