Quote:
Originally Posted by Slava
I’ve posted before, but I’d love to see a breakdown of insurance dollars paid out for property claims in Alberta vs injury claims. I realize that you can legislate against one of these and that makes it attractive, but I’m skeptical about the impact. I think things like hailstorms and wildfires are the bigger impact for insurers and I would want to see the information. I’d also be curious to know how the injury claims have grown and become a larger and larger issue. There have been caps and flat rate payouts for many years here, so it would be interesting to see a breakdown.
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There are no rate caps on property insurance so the pot is handled properly. rates will go up but more slowly and calculated. Insurance should be taught at a basic level in High School along with other life skills like taxes and retirement (In a class like CALM maybe) . Most people only know that they need insurance to drive but a basic understanding of the system would be beneficial.