Looks forward to collaborating on a sustainable auto insurance system
EDMONTON, April 17, 2019 /CNW/ - Insurance Bureau of Canada (IBC) congratulates Premier-elect Jason Kenney and his United Conservative Party (UCP) colleagues as they form a new majority government in Alberta.
"On behalf of IBC and its members, I would like to extend my sincere congratulations to Mr. Kenney and to all Members of the Legislative Assembly who prevailed in yesterday's election," said Celyeste Power, Vice-President, Western, IBC. "We look forward to working together with the new government on the challenges with the current auto insurance system and the opportunity to build a sustainable system for the future."
Alberta consumers are facing significant issues with auto insurance. Local brokers and agents are also feeling the impacts of the issues in the system and this is affecting communities across the province.
There is a great opportunity for government, industry and all stakeholders to work together to provide more choice, innovation and customization for drivers across the province. This work will also help ensure that Albertans can continue to find affordable and available auto insurance.
Power added, "Drivers deserve a better auto insurance system with more choice and innovation. The province needs a system that is sustainable in the long term for the 3 million drivers and countless businesses that rely on auto insurance each and every day. It's time for change."
About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.
P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 126,000 Canadians, pays $9 billion in taxes and has a total premium base of $54.7 billion.
For media releases and more information, visit IBC's Media Centre at www.ibc.ca. Follow us on Twitter @IBC_West or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1‑844‑2ask-IBC.
If you require more information, IBC spokespeople are available to discuss the details in this media release.
SOURCE Insurance Bureau of Canada
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