Canadian Underwriter

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Insurance Brokers Association of Ontario

News AssociationsBrokersMergers and Aqcuisitions

The downside of selling for 4 times multiple during COVID

October 23, 2020 by Greg Meckbach

Despite the economic disruption from the COVID-19 pandemic, some brokerage owners could sell their business for multiples of more than four times revenue, but there is potential downside to this, Ontario brokers heard Wednesday at their annual convention. “About 15

News AssociationsBrokersClaimsClaims Canada

Why reinsurers are now ‘hesitant’ to support some Canadian insurers

October 22, 2020 by Greg Meckbach

One lesson from the economic disruption from COVID-19 is the importance of telling clients exactly what risks are and are not covered, an Insurance Brokers Association of Ontario panelist suggested Thursday. “Business interruption class action litigation does not attract capital

News AssociationsClaimsClaims CanadaInsuranceLegal

Why brokers are going to get sued over pandemic business interruption claims

October 21, 2020 by Greg Meckbach

Some brokers are going to get sued by clients whose COVID-19 business interruption claims were denied, a keynote speaker warned Insurance Brokers Association of Ontario (IBAO) members Wednesday. “The main area of claim will be failure to advise of potential

Feature

Time to socialize

May 4, 2019 Norah Black, Director, Marketing and Communications, Insurance Brokers Association of Ontario (IBAO)

Drive business growth by engaging with your clients through social media

Ontario legislature at Queen's Park in Toronto, Ontario government
News Legislation / Regulation

Industry in the dark on auto reform

January 15, 2019 by Greg Meckbach

Nearly two years after David Marshall released his report on Ontario auto insurance reform, there is still no indication on where the government plans to go with it. “We haven’t had a concrete yes or no that they are going

Ontario legislature at Queen's Park in Toronto, Ontario government
News BrokersInsuranceLegislation / Regulation

The first priority for the Insurance Brokers Association of Ontario

January 9, 2019 by Greg Meckbach

Reforming auto insurance is top of mind for Jeff Gatcke, the new president of the Insurance Brokers Association of Ontario. “Our Number 1 priority would be working with insurance companies and the government on changes to the auto insurance product

News Legislation / RegulationRisk

How marijuana legalization could impact workplace risk

September 20, 2018 by Greg Meckbach

Canadian workplaces are likely to see an increase in marijuana use but the changes resulting from cannabis legalization next month will be “more evolutionary than revolutionary,” suggests a speaker scheduled to address next month’s Insurance Brokers Association of Ontario (IBAO)

Feature Associations

Auto Polish

January 11, 2018 Greg Meckbach, Associate Editor

Auto insurance reform was top of mind at this year’s Insurance Brokers Association of Ontario convention.

News InsuranceLegislation / Regulation

Ontario to review postal code auto rate factor

December 12, 2017 by Canadian Underwriter

Auto prices can vary based on the customer’s home address; while this has been a sore point for some consumers, the Insurance Brokers Association of Ontario is urging the regulator to think carefully before changing the use postal code rating

Feature AppointmentsAssociations

Community Involvement

October 24, 2017 Greg Meckbach, Associate Editor

Brokers need to do more than just sit in their offices for eight hours a day, suggests Brian Purcell, president-elect of the Insurance Brokers Association of Ontario.

News AssociationsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Ontario broker association suspends partnership with Aviva Canada

October 23, 2017 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) announced on Monday that it is formally suspending its sponsorship partnership with Aviva Canada “for the foreseeable future.” IBAO CEO Colin Simpson argued in a media release that “Aviva continues to leverage the

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

BIP Talk aims to let brokers ‘better understand’ underlying problems with Ontario auto insurance: Forgeron

August 25, 2017 Greg Meckbach, Associate Editor

More than four months after the release of David Marshall’s report on auto insurance, Insurance Bureau of Canada’s president and chief executive officer is hoping Ontario’s brokers will “add their voice” to calls from the industry to “fundamentally overhaul” auto