New agreement with TD Insurance Meloche Monnex

Insurance Insights

March 13, 2019

Contributed by: J. Glenn McAthey | Director, ADIUM Insurance Services Inc.

We are pleased to advise that a new 10-year insurance affinity agreement has been reached between the AMA and TD Insurance Meloche Monnex (TDIMM), effective November 1, 2018, for the provision of a competitive home and automobile insurance program for AMA members.

An important highlight of the new agreement is the creation of a profit-sharing process that allows the AMA to share in profits the partnership might generate. This would be similar to our continuing model on the AMA group insurance products (e.g., disability, term life) that allows us to apply profits to premium reductions, plan improvements or to mitigate rate increases.

The AMA advances patient-centered, quality care by advocating for and supporting physician leadership and wellness.