Statement: CLHIA comments on the 2020 Ontario Budget
News ReleaseRelease Date: 11/05/2020 Staff Reference: Kevin Dorse
(Toronto, November 5, 2020) – The Canadian Life and Health Insurance Association issued this statement in response to today’s 2020 Ontario Budget.
“CLHIA and Ontario’s life and health insurers are committed to helping Ontarians and Ontario employers through this economic recovery. We welcome opportunities to continue to contribute to this.
Investments in health care are crucial to managing this crisis. We are pleased with the investments that the government is dedicating to the health of Ontarians. Also, this is a time of considerable anxiety and uncertainty for many in the province. Measures to protect consumers remain vital so that no one is able to take advantage of the insecurity many are feeling.”
- Stephen Frank, President and CEO, Canadian Life and Health Insurance Association
About the CLHIA
The CLHIA is a voluntary association whose member companies account for 99 per cent of Canada's life and health insurance business. These insurers provide a wide range of financial security products including life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance to over 29 million Canadians. They hold nearly $950 billion in assets in Canada and employ more than 157,000 Canadians.
For more information:
Assistant Vice President, Strategic Communications and Public Affairs
(613) 691-6001 / email@example.com