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Despite recent headlines that major insurance industry players would be looking for 40 per cent hikes on basic premiums starting Nov. 1, there was no discussion of dramatic increases at the Automobile Insurance Rate Board hearings that started Tuesday.
At least two insurance companies said they would not seek any increases at all for basic insurance coverage.
"With the decision from the Alberta Court of Appeal, we've taken a quick look at what our rates are . . . and we think we'll have adequate rates . . . if they say no increase," said Robert Katzell of AMA Insurance.
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The rate board's own actuary, Ted Zubulake from the firm Oliver Wyman, said that with a cap in place, mandatory insurance rates should go down three per cent.
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http://www.calgaryherald.com/news/Al...273/story.html
Rick Bell making up names for some of the participants at the rate board hearing. Click if you're into that kind of thing.
http://www.calgarysun.com/news/colum...24001-sun.html
Grid system in place in Alberta means young women are paying about the same rates as men... or, as the "article" spins, young women are paying for young men.
http://www.calgarysun.com/news/alber...23996-sun.html