Operations

IBAO’s stance on electronic termination of coverage

Insurers should be allowed to terminate auto policies electronically if consumers consent, the Insurance Brokers Association of Ontario’s CEO says. In its budget document released Nov. 5, the Ontario government said the next phase of its previously-announced “blueprint” for auto insurance changes is to “focus” on several reforms. One of those proposed reforms is “increasing […]

By Greg Meckbach | November 24, 2020

2 min read

IBAO reacts to possibility of credit unions selling insurance

Ontario’s broker association is keeping a close eye on a provincial government proposal to relax restrictions on credit unions selling insurance in branches. “We believe there is a public consultation that is going to take place in 2021, so we will wait and see what the details are,” Colin Simpson, CEO of the Insurance Brokers […]

By Greg Meckbach | November 19, 2020

3 min read

This Canadian insurer may want to cover your hospitality clients

Brokers struggling to find coverage for small and mid-sized restaurant and hotel clients may now have a new option available, and it’s already getting a response. CAA Club Group’s Echelon subsidiary announced Monday it is offering up to $5 million in property and liability coverage to some small and mid-sized clients in the hospitality sector. […]

By Greg Meckbach | November 17, 2020

4 min read

How Aon sees competition regulators’ review of Willis Towers Watson acquisition

It is still up to regulators to decide whether Aon plc will be allowed to acquire Willis Towers Watson plc, but Aon officials seem confident there won’t be a problem. During a recent earnings call, Aon executives were asked why they were so confident that they would not be forced to sell part of Willis […]

By Greg Meckbach | November 11, 2020

2 min read