October 24, 2003

Web site outlines proposed changes to auto insurance in Alberta

Edmonton… Albertans can see for themselves how proposed new automobile insurance regulations put consumers first and emphasize personal responsibility.

By visiting www.autoinsurance.gov.ab.ca, drivers will see what recommendations the Automobile Insurance Implementation Team is proposing. These proposed changes ensure there is a place for private insurance companies and those who advocate on behalf of accident victims.

By going to the Web site, consumers will learn key information about:

• How proposed changes to the way insurance is regulated will affect them;
• Recommended changes to benefits and compensation;
• Guidelines to treat and manage injuries; and
• Consumer protection.

The main focus of these proposed changes is to provide consumers with access to auto insurance that is fair, affordable, and at the same time make all Albertans personally responsible for their driving habits, while also ensuring accident victims are fairly compensated.

In developing these proposed reforms, representatives from both the insurance industry and the legal community strongly supported changes that would emphasize personal responsibility.

- 30 -

For media inquiries, please contact:

Jerry Bellikka Director of Communications Alberta Finance (780) 427-5364 (780) 718-5699 cellular
Dial 310-0000 for toll free access outside of Edmonton.