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  • Further reforms are being made to the Ontario auto insurance system beginning June 1 st ,  2016.  These include changes to the Statutory Accident Benefits coverage, a new catastrophic impairment definition, and a number of other small changes.   Existing policies will remain subject to the current limits until they are terminated...
  • With the Super Bowl coming up, both the Carolina Panthers and Denver Broncos are undoubtedly meticulously preparing for the upcoming game. In 2015, we watched the Seattle Seahawks get defeated after they ignored the most obvious play they could have made to win the game. With only twenty-five seconds remaining and one yard left to go, the...
  • As of today, most ride sharing drivers are not driving with adequate insurance in Ontario. This means that both the driver and passengers are not fully protected in the event of an accident.
     
    Uber, the company, has it own insurance in Ontario protecting the commercial enterprise of Uber. Their insurance policy is not designed as primary...
  • Economical's website contains progress reports, new releases and FAQ's that can help you keep up to date with what is happening.  You can also sign up on Economical's website to receive these types of updates by email.  Click below to go to Economical's website.



  • Cybercrime

    November 18, 2015
    A report released today from CBC News says that cybercrime has cost Canadians $19 million in 2014 alone. It highlights the technique of “ransomware” where hackers basically hold a company’s files hostage until they pay a fee. They use existing information from the web to create false email addresses so that employees are duped...
  • Fall, our favourite time of year.  The trees are turning colour and there’s a bite in the air.  It’s also time to starting thinking about closing the cottage for another season.  By taking the time now to properly prepare the cottage for winter, you may say yourself unnecessary grief in the spring. Here’s a quick...
  • On October 24, 2015 finance Minister Charles Sousa announced that as of January 1, 2016 all private insurers in Ontario must offer discounts to people who buy and install winter tires on their vehicles.
     
    Winter tires "enhance safety and reduce the likelihood of collisions by improving traction, braking and handling in frost, snow, slush...
  • Back to School and Insurance

    September 2, 2015
    It’s your student’s first year away at school and your busy picking up school supplies, furniture, clothing among other things.  You’ve arranged the moving van and your student moves into their new place in a couple of weeks.  The only thing that you have not thought about is insurance.  Why would you? ...
  • New Ontario Driving Laws

    September 1, 2015
    The Ontario Roads Safer Act in now in effect in Ontario.  As of today, September 1 st , the fines and penalties have increased for distracted driving, dooring, failing to share the road, failing to obey the “move over” law and failure to have proper brake lights.
     
    Distracted Driving
     
    Distracted driving remains a real...
  • If you are considering opening your own business, but are not quite sure how to get it up and running, the following steps will help get you started on the road to success.
     
    1. Take a Personal Inventory

     
    Are your ready to be your own boss?  The benefits of being in charge are obvious, but have you considered the risks?  By...
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L.D. Dermody Insurance Brokers (1982) Inc.