Insurance ombudsman doesn’t seek greater enforcement powers | OLHI - OmbudService for Life & Health Insurance | Resolution of your Canadian Insurance Concerns | OLHI

OLHI OLHI – OmbudService for Life & Health Insurance | Resolution of your Canadian Insurance Concerns | OLHI

Insurance ombudsman doesn’t seek greater enforcement powers

The Canadian Press recently ran a story about Canada’s banking Ombudsman wanting greater enforcement powers, including binding decisions. In a letter to the editors of the various outlets that printed the story, OLHI Executive Director, Holly Nicholson, writes that OLHI’s experience is that non-binding recommendations work and consumers are paid quicker and without collection issues.

Read Holly’s letter in Investment Executive.

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