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Province's limits on auto insurance premiums are hurting Alberta drivers: report

calgaryherald
Summary
Nutrition label

75% Informative

Report: Alberta 's price controls on auto insurance drive insurance companies out of the market.

Alberta 's grid rating system was first implemented in 2004 as a way to ensure new drivers could get an affordable premium.

The number of drivers in the province has grown, outstepping the rate of new drivers, rendering the system ineffective.

Report: Price caps distort pricing and leads to financial instability.

VR Score

80

Informative language

81

Neutral language

61

Article tone

semi-formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

10

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