IBAA Announces Task Force on Sustainable Solutions to the Auto Insurance Crisis in Alberta

Calgary, AB, May 31, 2019/InsPress/ – The Insurance Brokers Association of Alberta (IBAA) has put together a task force aimed at developing sustainable solutions to Alberta’s current auto insurance crisis. The mandate of the task force is to ensure consumers have access to effective and affordable automobile insurance while maintaining a viable automobile insurance market in the province. The task force will compose a white paper outlining recommended changes to current automobile insurance regulations using information gathered from impacted industry stakeholders on such issues as exam equivalencies, electronic pink cards, and the lifting of the auto premium cap. The Task Force is chaired by IBAA Board Member Trevor Sodergren and IBAA President Vicki Livingstone and is made up of seven other IBAA member brokers from across the province.

IBAA CEO George Hodgson said, “The purpose of the Task Force is to present a white paper in early July, 2019, outlining suggested amendments to insurance regulations. The aim is to provide a template that aligns with the mandate of the Associate Minister of Red Tape Reduction, Grant Hunter.” Hodgson further stated that the “Alberta’s new government is looking for ways to reduce red tape and put Albertans to work, and our White Paper will include recommendations that help make it easier for Mr. Hunter to accomplish his goals while protecting Alberta consumers.”

For further information or details, contact IBAA CEO George Hodgson at ghodgson@ibaa.ca or 1-800-318-0197, ex. 194.