Insurance brokers support Nova Scotia auto reforms
The Insurance Brokers Association of Nova Scotia (IBANS) says it supports the direction of the auto insurance reforms announced on November 9 and will focus its attention on consumer education.
“IBANS was pleased to participate in the review process because its collaborative nature gave stakeholders and consumers the chance to provide input into recommendations, which was positive,” said Karen Slaunwhite, executive director, Insurance Brokers Association of Nova Scotia. “Any changes that benefit the consumer while maintaining fairness, stability and affordability have the full support of Nova Scotia brokers.”
Moving forward, the Association says it will be critical that communication is clear and the message consistent. IBANS members will do their part to inform consumers of the changes and the potential impacts of these changes. ”When legislative changes occur in the insurance industry it is important that educational materials and communication vehicles are well established to ensure consumers are aware of the changes being implemented. With this information consumers can make informed choices and understand what the implications are based on those choices”, says Slaunwhite.
