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Why are Albertans paying so much more for insurance, and is there any relief in sight? 

Carlin Lutzer sits down with local insurance broker Brayden Vellenoweth to unpack the complex forces driving insurance costs across Alberta. From devastating hailstorms, floods, and wildfires to rising litigation expenses and vehicle repair costs, Brayden explains why premiums continue to climb and why insurance is about far more than finding the cheapest rate. 

The conversation explores Alberta's upcoming Care-First auto insurance reforms set for 2027, the impact of natural disasters on insurers, misconceptions about good drivers subsidizing bad drivers, and the importance of understanding insurance as a personal financial risk management strategy. 

Whether you're a homeowner, driver, business owner, or simply frustrated by rising premiums, this episode offers practical insights into how insurance really works and what Albertans can expect in the years ahead.

Listen For:

:06 Why Does Alberta Have Some of Canada's Most Expensive Insurance Rates?

6:41 How Have Alberta's Natural Disasters Reshaped the Insurance Industry?

13:05 Why Are Legal Costs Driving Auto Insurance Premiums Higher?

32:48 What Will Alberta's New Care-First Insurance Model Change in 2027?

45:58 Is Insurance Really a Requirement or a Personal Financial Strategy?

Guest: Brayden Vellenoweth  | LinkedIn 

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