Annual Insights: SGI 2023-2024 Annual Report reveals $78 million in net income; overall claims costs down
Regina, Saskatchewan — Saskatchewan Government Insurance (SGI) reported $78 million in net income in its 2023-24 annual report, which was tabled in the Legislative Assembly on July 8, 2024. From 2023 to 2024, overall claims costs were down, thanks in part to fewer storms throughout the year, leading to fewer catastrophic claims and their related […]
Crystal Ball: No break in insurance, repair cost inflation coming in 2023, Ratehub.ca predicts
Toronto, Ontario — The insurance experts at Ratehub.ca published their predictions for 2023 in late December, with results showing little reprieve on the way for an already strained insurer-repairer ecosystem, as inflated repair costs have trickled downward to increased premiums for customers. Statistics Canada’s October Consumer Price Index report for passenger vehicle insurance premiums shows […]
