As insurance brokers, we at Lane’s are your allies in the insurance world. It can be a confusing and intimidating industry where consumers feel they don’t have much control, but by working with an insurance broker, your insurance reins are back in your hands. A regular insurance company only sells one product – their own…
A recent Angus Reid Institute poll revealed that half of Canadians do not have a last will and testament — 50% of men and 51% of women. Not surprisingly, age plays a major factor. The percentage numbers of those without a will were: 84% of respondents aged 18 to 24 77% of respondents aged 25…
Farmers were surprised and disappointed to note in the Alberta government’s Budget 2023 an impending hike of 60% for crop insurance to raise the “fund balance back to levels recommended by actuarial evaluations,” says Global News. The explanation is that the value of crops has risen, so the amount of coverage needed has also risen. …
According to the Alberta Construction Industry profile for 2020, approximately 10% of the province’s workforce is employed in the construction and contracting industries, with 214,000 people working in 2020 and 92.4% of those full time. Some examples of occupations employed in the construction industry are bricklayers, carpenters, electricians, roofers, and steam- and pipe-fitters, and general…
On Jan. 26, a news release from the Alberta government announced they would be freezing all car insurance rate hikes until the end of 2023. This comes as a relief as many struggle with decreased affordability due to inflation ― a major problem throughout Canada ― but this isn’t the time for car insurance policy…
The Canadian Underwriter has recently reported that Facility Association drivers will soon have the opportunity to use telematics to improve their driving records. The insurance industry has been taking note of the rising number of claims made by those in the trucking industry, and especially by drivers from Alberta. Experts say that the cause…
Costs for insured damages due to severe weather events reached a whopping $3.1 billion in 2022, making it the third-worst year on the record books for Canada according to research by Catastrophe Indices and Quantification Inc. submitted to the Insurance Bureau of Canada (IBC). In 2021, severe weather in Canada caused a total of $2.1…
Late in 2022, an Ernst & Young report revealed what many in the province had been suspecting for some time. Albertans are paying the highest auto insurance premiums in the country. Ernst & Young sampled 27 different driver profiles across nine different provinces, and found that for 26 of those profiles, Albertans pay the most.…
A question we hear often in our jobs as insurance brokers is how to ensure loved ones are well covered, but confusion can often lie around whether those in certain kinds of relationships can access their partners’ benefits. Thankfully, Alberta has accommodating legislation and guidelines that encompass partnerships of all kinds and allow couples to…
Calgary police and Kal Tire have recently announced a partnership aimed at assisting in curbing the theft of catalytic converters in the city. Until the end of March, car owners can take their vehicles in to a Kal Tire location to have their catalytic converters engraved with the VIN. The hour-long service costs $40 and…