Canadian Underwriter

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Insurance Brokers Association of Ontario


News InsuranceLegislation / RegulationMergers and Aqcuisitions

New Ontario financial authority should monitor auto insurers with ‘unusual number’ of LAT appeals: Marshall

April 12, 2017 by Canadian Underwriter

Neither the behaviour of personal injury lawyers nor “excess profits” of insurers are to blame for high auto premiums in Ontario, but the government should consider restricting lawyers’ contingency fees, a special advisor to the provincial government suggested in a

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April 1, 2017 Angela Stelmakowich, Editor

What was it about Lola? Girls will be boys; boys will be girls? All good. For Canada’s property and casualty insurance industry, as surely is the case elsewhere, it is a mixed up, muddled up, shook up world as well.

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New Brunswick brokers’ association suspends sponsorship partnership with Aviva

March 29, 2017 by Canadian Underwriter

The board of directors of the Insurance Brokers Association of New Brunswick has “voted to suspend a longstanding sponsorship partnership with Aviva Canada,” IBANB said in a release sent Wednesday. On Jan. 18, Aviva announced it is offering “team branded”

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Insurance Brokers Association of Ontario continues ‘to have multiple discussions with Aviva:’ Simpson

March 28, 2017 Greg Meckbach, Associate Editor

Two months after the Insurance Brokers Association of Ontario announced it would no longer invite Aviva Canada Inc. to participate in IBAO’s sponsorship program, the association continues to hold talks with Aviva, IBAO’s chief executive officer said Tuesday. “We continue

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Ontario private member’s bill proposes 15% cap on personal injury lawyers’ contingency fees

March 10, 2017 by Canadian Underwriter

A bill tabled Wednesday in the Ontario legislature, by a backbench Liberal MPP, would limit lawyers’ contingency fees in the province, for personal injury claims, to 15%. If passed into law, Bill 103 would stipulate that “contingency fees be capped

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Speakers weigh in on contentious topic of insurers with “broker arm interrupters”

March 1, 2017 Jason Contant, Online Editor

If an insurer can offer brokers more products, assistance and their brand is recognized by clients, “there is some value there,” Jeff Roy, CEO of Excalibur Insurance Group, suggested on Wednesday at the Insurance-Canada.ca Broker Forum, held at the Allstream

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IBAO, Insurance Institute of Ontario hosting live webcast on driverless cars

February 7, 2017 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) and the Insurance Institute of Ontario announced on Tuesday that they will be hosting a live webcast on the insurance implications of automated vehicles on Feb. 16. The webcast, which will run from

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Traci Boland assumes role as 2017 president of the Insurance Brokers Association of Ontario

January 12, 2017 by Canadian Underwriter

Traci Boland has formally assumed her position as president of the Insurance Brokers Association of Ontario (IBAO) as of Jan. 1, the association noted in a press release on Thursday. “It’s a privilege to serve as president of our provincial

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Flood insurance ‘must be affordable:’ IBAC

December 16, 2016 by Canadian Underwriter

Residential flood insurance should be available and affordable and the government should provide a backstop without being an “insurer of first resort,” the Insurance Brokers Association of Canada said in a document released this week. Personal flood insurance “must be

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Aviva Canada’s 24-hour Broker Hackathon results in small business online quoting and binding solution

November 25, 2016 by Canadian Underwriter

Aviva Canada’s recent Broker Hackathon has chosen its People’s Choice and Winner from a total of 61 submissions: Commercial Catalyst, a “simple, quick and easy way for brokers and customers to quote and bind small commercial business” and a responsive

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More fairness in Ontario auto insurance needed to fix the system: IBC’s Forgeron

October 24, 2016 by Canadian Underwriter

Fairness is still lacking in Ontario’s auto insurance system and a balance needs to be struck between both lower premiums and the right level of benefits, Don Forgeron, president and chief executive officer of Insurance Bureau of Canada (IBC), said

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Insurers who fail to “adapt to what millennials are looking for” will let go of “majority” of customers: Intact president

October 20, 2016 Greg Meckbach, Associate Editor

Insurance providers need to “rethink” how they provide advice to customers in their 20s and 30s, the president of Intact Insurance suggested Thursday to an audience of Ontario brokers. “Millennials still want advice,” Intact Insurance president Jean-Francois Blais said during