Recently the real estate market has been reaching historical highs.     Houses selling within hours, for much more than their asking price with many bidding wars.    But how does this relate to insurance?  Well imagine a buyers surprise when they pay almost a million dollars for their home only to be told

L.D. Dermody is committed to providing our clients with the right information needed to understand the changes to car insurance mandated by the Government of Ontario. Beginning June 1st all new policies and policy renewals will be subject to a new Standard Accident Benefits Schedule and reforms. Here is the quick and dirty about what you need to

Further reforms are being made to the Ontario auto insurance system beginning June 1st,  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 or

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

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