CUMIS General Insurance Co., a subsidiary of Co-operators Group, will withdraw from Alberta's home and auto insurance market starting in 2026, citing ongoing difficulties in the province's auto sector. The company said rising claims costs have made the business unsustainable.
The company’s home insurance program in Alberta is bundled with auto coverage offered to credit union members, which means both lines will be withdrawn. Policies will continue to be renewed through the end of this year, and the insurer has notified the Alberta Superintendent of Insurance of its planned exit.
Meanwhile, other CUMIS products in Alberta remain unchanged, and the company said it will continue to provide home and auto coverage in other provinces.
According to a report from BestWire, Alberta’s auto insur