EDMONTON (CP) _ Albertans won't be getting a break on their auto
insurance premiums after this year's provincial rate review.
The government-appointed board that sets rates for mandatory
policies has decided to hold premiums at 2006 levels for another
year.
Board chairman Alf Savage issued a brief statement saying the
province's consumers continue to have access to fair and affordable
auto insurance.
But Liberal insurance critic Rick Miller says the provincial
Conservative government a number of years ago promised the lowest
auto insurance rates in western Canada and that simply hasn't
happened.
Last year, drivers got a three per cent reduction on mandatory
coverage, and Savage says rates are now 18 per cent lower than they
were before auto insurance reforms in 2004.
NDP Leader Brian Mason says it won't sit well with Albertans to
see no rate reductions after another year of record profits for the
insurance industry.