Insurance companies in Alberta set to rake in almost $1 Billion in pre-tax profit over 2019 and 2020
Recently, Alberta insurance companies have lamented the fact that personal injury claims, made by drivers injured in automobile accidents, have depleted their financial reserves. They claim that bankruptcy is on the horizon, absent significant changes. To that end, they are aggressively lobbying for a “no-fault insurance system”, which would essentially give insurance companies “carte blanche” …