[undercoverbrother]

http://www.calgarysun.com/2013/06/11...13-by-industry

The insurance industry is claiming it needs double-digit premium percent increases.

But Alberta's Automobile Insurance Rate Board says that's for it to decide.
Exactor Insurance Services Inc. was asking for a 13.5% increase, while Oliver Wyman eyed a 12.7% jump.
"I think it's unfortunate that we're talking about a double-digit increase...I think we all collectively gasped," said Barb Sulzenko-Laurie with the Insurance Bureau of Canada.
Alfred Savage, chairman of the AIRB, pointed out last year the increase was a proposed 10.9%, but ended up being 5%. The 2011 rate held steady at the 2010 levels.
The Consumer representative on the board Merle Taylor, said the industry is still posting profits and can't explain why body injury claims are so high.
"We're looking at 18.5% over two years," she said. "At the same time, you commented that the insurance business is profitable.

This could be a real can of worms:

Additionally, a court victory for one car owner brought about headaches for insurance providers. In the Dec. 6, 2012 ruling of Taylor v. Hrytsak, Judge Burgess awarded $17,000 for the loss of value to his vehicle.