613-389-9966 541 Days Road #4 Kingston Ontario, K7M 3R8 infodt@pbnet.ca

Economical De-mutualization News

Saw this today and as an Economical Broker thought it would be good to pass along. Article below. Board of directors’ resolution initiates demutualization process WATERLOO, ON, November 3, 2015 — Economical Insurance today announced that its board of directors has...

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Insurance and Uber

Hello again. A very interesting article regarding an UBER insurance "claim" in Toronto.  Always a good idea in my opinion to first call your Broker if you have any change in risk exposure, whether  it's Uber, AirBNB or whatever,  and second,  if you rely on another...

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Insurance and Natural Disasters

Once again weather is the culprit ! Even though losses are less ( so far ) in 2015 than in 2014, the financial cost of these disasters is not going away any time soon as far as I can tell. We have experienced first hand  severe losses in our area due to sudden and...

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Fiat Chrysler Voluntary recall affects millions

Below is an article outlining a recall from Daily News July 24 2015 Fiat Chrysler voluntarily recalls 1.4 million vehicles in the United States after Jeep hack 2015-07-24 Fiat Chrysler Automobiles (FCA) announced on Friday that it was conducting a voluntary safety...

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Accidents happen, even with self driving cars

Have a look at a recent article regarding self driving vehicles and how they are performing ( so far) From a recent article in CIP quoting Canadian Underwriter. Testing their skills on California roads, self-driving cars have had 4 accidents LOS ANGELES - Four of the...

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Telematics for fleets and people

We all think of telematics ( the usage based system that I should elaborate on for those unfamiliar ) whereby insurance companies monitor driving inputs in your car. This would potentially  keep a track of distance travelled, speeds, time of use ( night...

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Are Insurers uncomfortable with cars that drive themselves ?

Here is an article I saw in the CIP newsletter, assuming things go well with the "robotics" that will drive your car, we may all get an insurance discount. ( Source-Guardian Web) Insurers worry self-driving cars could put a dent in their business A world of robot cars...

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Cost is “Dominant focus” of American consumers……..

I think anyone who has worked in the insurance business for longer than a day, knows that price is certainly an important concern for all consumers. Having said this, my experience has also shown that it's not the whole story. People I find, will  also consider the...

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Insurance trackers ‘could leave car vulnerable to hijack’

Admittedly, something I haven't thought of with respects to Telematics. Article from Canadian  Underwriter today. 01/19/2015 Source: Daily Telegraph (UK) Devices handed out to drivers by insurance companies to track driving habits and price premiums are insecure and...

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What would you do for an auto insurance discount ?

Telematics have been around for  a while now, and it seems to me at least that it is certainly a personal decision for most people. Do you allow one of the "black boxes" to plug into your car so  that your insurance company can  track where you drive, and how you...

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