Keep banks, insurance separate, brokers argue

The Insurance Brokers Association of Canada is reviving its campaign to ensure that banks cannot sell most insurance products in their branches, and is seeking new restrictions online.

Chief executive officer Dan Danyluk will be in Ottawa on Tuesday telling the media and parliamentarians why he believes the credit crunch illustrates the need to maintain the barriers separating banks from insurers.

The association, which represents more than 33,000 brokers, filed complaints with the country’s banking and insurance regulator, and has not been satisfied by the response, a spokesman for the association told The Globe and Mail.