Rate hike

Insurance costs to increase steeply due to fatal accidents

Barbadians can expect a steep rise in motor and general insurance rates this year, a consequence of the number of serious road accidents, particularly the 14 fatalities so far, a top insurance official has warned.

President of the General Insurance Association of Barbados (GIAB) Davis Browne Wednesday put the country on notice that everyone would have to help foot the bill for the millions of dollars in death claims the insurance industry would have to pay out.

“Certainly, increased claims costs will have a trickle down effect on policyholders in general, and may not just be those persons who would have had accidents [who] will suffer the increase,” Browne told Barbados TODAY, adding that the frequency and severity of the injuries would have some impact on the industry.

President of the General Insurance Association of Barbados (GIAB) Davis Browne

Stating that it was too early to quantify the losses to the sector, the GIAB head said: “It is anticipated that it would be a significant increase in the amount of claims that insurance companies have to pay. Insurance is a pooling arrangement . . . policyholders contribute to that pool out of which losses are paid. So, any significant impact on that will have implications for those policyholders who are part of the pool.”

While road safety advocates and the authorities try to get a handle on the situation – speeding, recklessness, drink driving and poor lighting on the island’s roadways are some of the reasons advanced for the accidents – Browne appealed to drivers to exercise due care and attention.

“With the increase in accidents, and severe accidents as well, I think it is the attitude of drivers, the inattention of drivers on the road that we are particularly concerned about,” he stressed.

Minister of Transport and Works Michael Lashley promised this month during debate on the 2017/2018 Estimates of Revenue and Expenditure that improved road traffic legislation would go before Parliament by June, that would result in better monitoring and inspection of road users and improved tax collection.

Just short of four years earlier, in May 2013, the minister had told the Second International Road Federation Caribbean Regional Congress here that his ministry was in the process of amending the Road Traffic Act to include the wearing of helmets by cyclists, semi-annual inspection of public service vehicles, annual inspection of private motor vehicles over a certain age, speeding, and the use of communication devices while driving.

Lashley had also said last October that the vexing issue of motorcyclists performing wheelies would be prohibited under the revised Act, so too would be the use of mobile phones while driving.

“The motorcycles doing stunts on the road, that is also within this legislation. Driving with cell phones will now be an offence,” he had told a meeting of the St James South branch of the Democratic Labour Party .

Browne Wednesday said he was looking forward to the revised legislation, which he anticipated would address many of the insurance sector’s concerns.

However, he warned that little would change if the law were not enforced.

“I think enforcement is another big issue in what is happening,” he said, even as the insurance industry spokesman expressed concern about too few police officers on the roads.

“There need to be more vigilance on the road by police officers. Of course they might say a number of other events take up their resources. I think a greater police presence would be quite helpful in situations like these,” he suggested.

“There is the concern relating to the alleged racing on our roads, particularly the highway . . . . And lastly, there is the issue of using cell phones while operating a vehicle,” the president of the GIAB said, adding drink driving to the list of concerns. Browne also cautioned those who persisted with violating traffic regulations that they could lose their insurance cover, and expressed particular concern about the number of young drivers involved in serious and fatal accidents.

“As the information comes to hand, and we look at the statistics, I am sure that companies in the market would respond to the areas of risk to suit,” he said.

The number of road fatalities so far this year has surpassed the ten for all of last year, and match the 14 for 2014. There were 22 deaths on the roads in 2015.

emmanueljoseph@barbadostoday.bb

82 Responses to Rate hike

  1. Fragglez March 30, 2017 at 1:14 am

    I Knew this was. Coming next

    Reply
  2. Tony Corbin
    Tony Corbin March 30, 2017 at 3:05 am

    Of course!!!!

    Reply
  3. Jennifer March 30, 2017 at 3:49 am

    Does this President of the GIAB have any insurance companies??? he is yet another coconut at the top exerting oppression to the same people with the all in one basket mentality which is unfair. What should be done about the increase in accidents, driving offenses etc is that offenses should be linked to the perpetrators and then they be given an increase in THEIR INSURANCE. In other words TARGETING. A person who gets into an accident caused by himself callously and writes off his vehicle should not get a cent payout. All persons involved in accidents, whether minor or serious should also have their insurance increased, if it is proven your fault. Targeting is what will deter accidents as that individual will not want to have an increase in HIS/HER premium and they will also be cautious of who drives their vehicle too. LOOK AT YOUR INSURANCE PREMIUM RECORDS AND TARGET THE YOUNG DRIVERS TOO AND DO SOMETHING THERE. YOU JUST OUT TO COLLECT MONEY WITHOUT DOING ANY RESEARCH INTO YOUR RECORDS.
    I have been driving for 25 plus years in the EU and Barbados and has NEVER been in a motor accident so why should innocent people like me pay for guilty caution-less, callous, minded people. This is yet another vulture culture thing going on, with the coconut at the top. The insurance vultures like all the other vultures and eagles taking advantage of the masses. You are not interested in curbing any accidents only collecting $$$$$$$$$$$$$$$$$$$$$$$$$$$.

    Reply
    • Jennifer March 30, 2017 at 3:55 am

      Mr Lashley I saw a man in a MACK truck the other day driving, talking on his phone, in the countryside. Transport board bus drivers too, doing it. What are you going to do about that????? Where is the government technology investment.

      Reply
      • Jennifer March 30, 2017 at 4:24 am

        When people are LAZY minded it is always easier to adopt a PETER PAY FOR PAUL APPROACH to any situation instead of getting a think tank team together to look at things strategically. None of this SHYTE will affect the 1% of Barbados either, as their insurance hikes will be passed on the consumers. Big fish eating little yet again. I really hope this people do some serious waking up and smelling the coffee.

        Reply
    • Anonymous March 30, 2017 at 5:07 am

      Target young drivers? I have been driving since i was 16 for 7 years, also never been in a motor accident. You have lost me, you say offenses should be linked to the perpetrators, but then contradict yourself, mam. Why should I be profiled?

      Reply
    • Peter March 30, 2017 at 12:37 pm

      This is yet another classic exhibition on wanton racial froth that yo spew every time you make a comment. All the general insurance companies are re-insured by larger international companies like Lloyds of London. It’s all a high risk undertaking if you understand that, There is a certain value mark. When local everyday insurers like you and me, make a claim, those claims add up, and it can include vehicles, boats, ships, airplanes, houses even personal injuries resulting from these accidents. Several insurance companies from around the region, including the great USA are grouped together in what is known as zoning claims reach a certain level or mark, the re-insurance rates are carried up all across the board. Wealthy investors and conglomerates invest in insurance companies too. So let me be facetious and tell you to relax, come off your racist Bull Sheet talk and let down your foot as it is stuck in your mouth. As the Jamaicans would say, YUh muddah blood clath ah show. You lived in Brixton? I can check that out.

      Reply
  4. Jan Hold
    Jan Hold March 30, 2017 at 4:51 am

    Ain’t surprise hmmmm them does make nuffffffffffff $$$ from
    Yah

    Reply
  5. Sebastian Da Costa
    Sebastian Da Costa March 30, 2017 at 5:06 am

    Any excuse to send up the rates

    Reply
  6. Ron March 30, 2017 at 5:07 am

    BARBADOS WAKE UP THIS IS OUT WRIGHT ROBBERY. DON’T TAKE THIS SITTING DOWN. INSURANCE COMPANIES ARE ALREADY MAKING MILLIONS OF $$$$$$ BUT JUST BECAUSE IT’S TIME TO PAY OUT LIL MONEY ALL OF A SUDDEN THEY HAVE TO RAISE OUR RATES. I URGE ALL BAJANS WHEN THEY PAY THEIR CAR INSURANCE AND REALIZE THAT THEIR PREMIUM RAISE SPREAD THE WORD SO THAT OTHER PEOPLE CAN LOOK ELSE WHERE FOR COVERAGE FOR THEIR VEHICLE AND IF ALL INSURANCE COMPANY’S RAISE THEIR RATES LET’S BLOCK BRIDGETOWN. IT’S TIME WE START MAKING A STAND FOR OURSELF BECAUSE THE PEOPLE THAT WE ELECTED TO REPRESENT US SITS ON THEIR THRONE AND DOES NOTHEN FOR US STOP TAKING THE CRAP THAT IS BEING DISH OUT TO US

    Reply
  7. Carolyn Robertson
    Carolyn Robertson March 30, 2017 at 5:49 am

    I saw that coming

    Reply
  8. Natoya Bruno
    Natoya Bruno March 30, 2017 at 5:56 am

    Lol bajans have alot of tolerance… Instead of charging the perpetrator with vehicular homicide the government punishing the citizens? Some persons drive and never get into an accident…. What a load of dung

    Reply
  9. Shas Justshas
    Shas Justshas March 30, 2017 at 6:02 am

    Biggest legal criminals bout the place..love taking your money but never willing to pay out ..

    Reply
  10. Diane Elaine Dias
    Diane Elaine Dias March 30, 2017 at 6:06 am

    I think it’s time to also adopt the policy like overseas. Fine the bars / nightclubs that serve people alcohol , who are drunk. Overseas , you serve someone alcohol , they get drunk ,get into their car , get into an accident , police coming and penalizing the establishment that served the alcohol. That may cut down some of the drunk driving.

    Reply
  11. Al Pacino
    Al Pacino March 30, 2017 at 6:11 am

    Let the profiteering commence.

    Reply
  12. Sherry Brathwaite
    Sherry Brathwaite March 30, 2017 at 6:14 am

    So where all the money they were collecting from policy owners over the years??

    Reply
  13. Fabian Brathwaite
    Fabian Brathwaite March 30, 2017 at 6:24 am

    So bajans what we plan to do about this

    Reply
  14. Louis Swann
    Louis Swann March 30, 2017 at 6:28 am

    Sometimes i wonder..is this country really a democracy. Or does it like to pretend to be…

    Reply
  15. Steve Jemmott
    Steve Jemmott March 30, 2017 at 6:31 am

    If we didnt see this set up being engineered, we have to be either blind , death and dumb or all at the same time .

    Reply
  16. Quincy Trotman
    Quincy Trotman March 30, 2017 at 6:36 am

    So because of this idiot insurance raising i thought the penalty wouldve been stiffer.stupse

    Reply
  17. Mandy Unforgetable
    Mandy Unforgetable March 30, 2017 at 6:54 am

    These insurance companies just don’t like paying out money…

    Reply
  18. Alex Alleyne March 30, 2017 at 6:56 am

    AS EXPECTED…. It’s time for Government to get serious about putting in place an efficiency running public transportation system for the travelling public. Next we are going to hear about the price of gas, cos everybody want to cash in on a piece of the action.
    In BIM they got us over a barrel and massaging our ba…….s.

    Reply
  19. RGM March 30, 2017 at 7:09 am

    What about a rate cut for being nice last year ?

    Reply
  20. Kevin Gibson
    Kevin Gibson March 30, 2017 at 7:11 am

    When Bajan’s start to see that your rates are the highest in this region then you’ll start to fight back if you are going to be made to pay for something you have no control of third party your cars like most big companies do let your money talk or stop buying new cars for a while and let car dealerships feel it and you’ll see how fast that policy changes

    Reply
  21. Sherry-ann Mayers
    Sherry-ann Mayers March 30, 2017 at 7:11 am

    I refuse to read all but all I would have to say if he’s an idiot I can barely afford to pay the insurance policy I have now what increase he talk bout,insurance companies have been benefiting for years now they have to pay out a bit more they complaining ,he would see less insured drivers on the road and that will be a hazard for all insured road users. Barbadians in to the marching thing so we marching against a increase of insurance.

    Reply
  22. Kenrick Purcell
    Kenrick Purcell March 30, 2017 at 7:17 am

    That is nonsense…..Drivers who get in accidents have penalties to pay…Why should I pay more because of them ???? So the one year that we have more road deaths we must pay more ??? Why don’t we pay less when there’s little to no fatal accidents ???

    Reply
  23. Rasheed Spikey Singh
    Rasheed Spikey Singh March 30, 2017 at 7:33 am

    Upping insurance will not make safer drivers, accidents will happen regardless, all that will happen is more and more people will drive without insurance, why do we have to pay for another man’s accident, some of you in here have been paying insurance for years and never had an accident.

    Reply
  24. Alisa Wilson
    Alisa Wilson March 30, 2017 at 7:40 am

    Why not instead of increasing the rates, make it mandatory that those involved in accidents take a safe driving class or something…actually fix the problem, which is the person…not increase rates…ppl can barely maintain as is…let’s not force ppl into illegal practices (not having insurance and such) in order to stay above water…

    Reply
  25. Shurf March 30, 2017 at 7:51 am

    So you insurance company punishing the who country and collect millions of dollars when there is no accidents. You all a bunch of crooks. I don’t see why you all are using a broad paint brush

    Reply
    • Jamse March 30, 2017 at 1:15 pm

      Its how it works!

      Reply
  26. L Sarge March 30, 2017 at 7:52 am

    They are so full of crap. Why must the masses pay for the few. Start cancelling more ppls policies when they get found guilty for doing crap and stop attacking the general public. This is crap and all of you know this. Where the hell all the money over all the years ago gone all of a sudden. X amount of accidents happen for the year that’s been only three months and yall will drop this on bajans at the peek of one of the hardest economic down falls the country as seen in forever. Greed and lack of for sight running this lousy country. That’s the problem. Everyone bout the dollar and little work to achieve it. Someone hit my car six weeks ago an I still haven’t seen a cent. But last year I miss a payment by a day and got a phone call. This is utter rubbish. Got in an accident once. Been payin insurance for years an I’m sure I’m not even getting a fraction of what I have put in to date. Yet still you guys would cry broke. We the general public call BS

    Reply
  27. Dunville Chase
    Dunville Chase March 30, 2017 at 7:53 am

    insurance price going up won’t solve speed it would cause more problems

    Reply
  28. Reco Barrow
    Reco Barrow March 30, 2017 at 7:58 am

    Insurance robbery march ?

    Reply
  29. Jay Manny
    Jay Manny March 30, 2017 at 7:59 am

    So they have finally found a reason/excuse to screw us.

    Reply
  30. Jack Ryan
    Jack Ryan March 30, 2017 at 8:01 am

    now do u see why some ppl can’t and pay they insurance nor road tax.want me pay for some idiots problem.I HATE THAT OLD PETER PAY FOR PAUL .JUST ANOTHER WAY TO GET MONEY OUT OF ME THAT I DONT HAVE

    Reply
  31. Diana Branch
    Diana Branch March 30, 2017 at 8:04 am

    Paul paying for all!!!

    Reply
  32. Jamal Jones March 30, 2017 at 8:05 am

    Last year was the lowest recorded year for a decade, it was published in barbados today as well. I didn’t see Mr Browne arguing that a significant reduction would be passed on! Don’t you guys have a social heart ? Is it all about dollars and cents and not about our country ……I am sure with these difficult economic times you saw a reduction in policy applications, the social impact of these increased rates would be more illegal drivers and more harm . I wish there was some way to stick it to you selfish corporate cartels. You guys are no different to drug dealers nothing but a scorge on our society. Selfish and greedy!

    Reply
  33. Fay Gaskin
    Fay Gaskin March 30, 2017 at 8:07 am

    Brenda M. Earle

    Reply
  34. Wayne R. Pilgrim-Cadogan
    Wayne R. Pilgrim-Cadogan March 30, 2017 at 8:08 am

    The Insurance companies would look for any excuse to raise premiums

    Reply
  35. Maaz A Love
    Maaz A Love March 30, 2017 at 8:14 am

    Not fair to those who play it safe …

    Reply
  36. Jamal Jones March 30, 2017 at 8:17 am

    Last year was the lowest recorded year for over a decade, Barbados today carried an article on it as well .I didn’t hear Mr Browne offer a significant reduction in rates. I am sure with the difficult economic period we are going through insurance companies saw a reduction in policies, an increase in rates would only further erode numbers and encourage more illegal drivers . I wish there was some way to “stick it” to these corporate cartels you guys are no differnt to drug dealers…..selfish and dirty.

    Reply
  37. Sheila Boyce
    Sheila Boyce March 30, 2017 at 8:24 am

    Someone please explain this to me in layman terms cause I really don’t understand. Why again is insurance collected from individuals? So if I’m being held financially accountable for all these deaths then how come I does have to pay for insurance by myself? Why don’t I see other people helping me to cover my insurance?

    Reply
  38. Sanita B
    Sanita B March 30, 2017 at 8:27 am

    This is madness. When an insurance company sits down with a policy owner there is no where in that contract that says because Paul got in an accident, Susie will pay. This has to be illegal somehow. The people need to let their voice heard. Boycott that insurance company. And if the others get crazy call elections. We the people have more power than we think.

    Reply
  39. Raff March 30, 2017 at 8:45 am

    He stupid i know for a fact that they have alot of people who dont get in accidents so no claims when the year come but paying hundreds of dollars each year for a just incase sometihing happen where do all that money go we dont get it back money burn but now you want to talk it causing wanna millions and you want to raise insurance foolishness. Raise it high and see if that solve your issue it already high and accidents still happening. My first car i had to pay near $4000 guess what no accident i had did you say let me give you back some of it for being a good driver no… All youll do is think bout money money money when a accident do occur still got to go through alot of stress to repair your car but youll aspect people to come and pay wanna upfront stupseeee.

    Reply
  40. Donild Trimp March 30, 2017 at 9:03 am

    Step back a little bit people.

    Insurance companies are in the business to make a profit not to run deficit.

    Every where in the world whenever there is an increase in claims, the rates go up.

    Barbados is no different.

    The rancor is mis-directed. It should not be against the Insurance companies.

    Reply
  41. gsmiley March 30, 2017 at 9:52 am

    Jennifer and others you have no idea how insurance works. Just spouting to be heard. Its a common pool we all put money into to pay each others claims when they arise so of course we will all be affected.

    The act of one affects the whole pool which has to be topped back up so that our claims can be paid too. Hence increases.

    It works for simplicity’s sake like a meeting turn.

    Reply
    • jennifer March 30, 2017 at 10:14 am

      Go and tell that to the more well established companies over and away. Thats why we will be continually down trodden.

      Reply
    • Sherlock Holmes. March 30, 2017 at 12:51 pm

      Smiley we know how insurance works and you have made a justifiable point, however i know how extortion and what can in some cases be construed as organized crime works as well,so maybe we will agree to disagree to a point.

      Reply
  42. Alex Alleyne March 30, 2017 at 10:39 am

    Accidents… rates go up , a hurricane pass through ….rates go up, house fires… rates go up. For the ones who stay “clean” for years , the Insurance companies don’t even have to decency to send us a “thank you card” at the end of the year.
    I guess it will take a “chunk out of it’s coffers”….. We are here to collect…. not pay out.

    Reply
  43. Sherlock Holmes. March 30, 2017 at 10:43 am

    You people at insurance companies never cease to annoy me rather than you all embark on a due diligence program to properly screen some of the clowns you give insurance to your solution is now a Peter pay for the reckless behavior of Paul.It also annoys me when you complain about the so called millions you are paying out kindly let us know about the millions that you are raking in too.Also please be transparent in letting us know about the myriad of complaints from policy holders who constantly complain about the run around they face at your hands to sometimes settle claims i can go on and on but i will say a little more, your pronouncement is bullshit properly vet persons applying for vehicle insurance especially people of relatively young ages the reckless on the roads cannot be attributed to all drivers so it is definitely not right that those who literally drive accident free should be made to suffer as a result of the reckless actions of others. We will protest your vile actions expect us.

    Reply
  44. Sherlock Holmes. March 30, 2017 at 10:45 am

    ONE

    Reply
  45. Sherlock Holmes. March 30, 2017 at 10:58 am

    you people at insurance companies never cease to annoy me,rather than you all embark on a due diligence program to properly screen some of the clowns you give insurance to your solution is now a Peter pay for the reckless behavior of Paul. It also annoys me when complain about the so called millions you are paying out. kindly let us also know about the millions that you are raking in as well. Also please be transparent in letting us know about the myriad of complaints from policy holders who constantly complain about the run around they face at your hands to sometimes settle claims, i can go on and on but i will say a little more your pronouncement is indicative of the bull we have to face from persons who believe that certain institutions are a law unto themselves you need to properly vet the persons you are giving insurance to especially those who are young or very young in age.The recklessness on the roads that result in accidents cannot be attributed to all drivers especially when they are those who drive literally accident therefore to make all suffer increases at the hands of the reckless is unacceptable, this action on your part must be met with protest you and your counterparts are not laws unto thine own selves.

    Reply
  46. Sherlock Holmes. March 30, 2017 at 11:01 am

    Correction….should read literally accident free.

    Reply
  47. lester March 30, 2017 at 11:22 am

    BARBADIANS ARE A BUNCH OF TALKERS, AND THE STATUS QUO KNOW IT, EVERY BAJAN SHOULD DECLINE TO PAY THEIR INSURANCE IF THIS HAPPENS, THEY AINT GINE DO IT, STOP THE BLABBERING AND ACT, THESE INSURANCE COMPANIES ARE PRACTICING LEGALIZE FRAUD,

    Reply
    • jennifer March 30, 2017 at 11:37 am

      Lester – well said. And I am calling on the FAIR TRADE COMMISSION TO LOOK INTO THIS behaviour by these insurance companies to exploit and victimise drivers. This calls for AFFIRMATIVE ACTION.

      Reply
      • Donild Trimp March 30, 2017 at 12:27 pm

        @Jennifer – “And I am calling on the FAIR TRADE COMMISSION TO LOOK INTO THIS behaviour by these insurance companies to exploit and victimise drivers. This calls for AFFIRMATIVE ACTION”

        What is happening to you? You are way more intelligent than that.

        In North America as in the UK, when claims exceed a certain benchmark, rates go up across the client pool to offset the payouts.

        This is common practice throughout the insurance industry and Barbados is no different.

        I do not like it myself but other than not paying your insurance and creating unnecessary problems with the law if caught driving without insurance, the only alternative is to pay the increase.

        Reply
  48. Jade Harley March 30, 2017 at 11:26 am

    Last year, we had ten fatalities for the whole year and the insurance companies did not reduce premiums considering that it was a low number.
    When the region is barely affected by adverse weather, we do not hear of a subsequent reduction either.
    But as soon as insurance companies have to pay out money, they scramble to recoup the losses by demanding we pay more.
    They come with sweet words urging us to insure with them and then try to freeze us out at times with how long they take to settle claims and how little they want to pay out. It is a business! Policyholders can suck salt as long as the heavy roller shareholders are happy

    Reply
  49. Milli Watt March 30, 2017 at 12:24 pm

    another bloody idiot this country educate to come up with this. If I accept what he said then when Barbados is not faced as it has had in the past with reduced accident and deaths year on year why did we not experience dramatic lower rates. I can answer that it is because these fools are smarter than we simple folk and are able to benefit on the downside and upside. If I accept further what was said an these payouts take place on average 10-12 years after the accident (if you are lucky) then we simple folk will be contributing to his retirement. I DARE YOU TO JACK UP THE RATES I TRIPLE DARE YOU……more will not pay the premium and statistically one of them hitting me or YOU will increase. It will come down to each of us taking the lash whatever the outcome. Davis Browne do you drive in the clouds or on the road like me.

    Reply
  50. Ossie Moore March 30, 2017 at 12:29 pm

    You did not heed the warnings! Paid no attention to the lives that are been taken daily; only because those slayed persons woke up on a fine Bajan morning and by evening they were gone to another world just for the sake of selfishness, possessiveness and disrespect for your fellow man. It now a good thing happening. Nuff respect!!

    Reply
  51. gsmiley March 30, 2017 at 12:39 pm

    Lester decline to pay insurance?

    What stupidness are you talking? Then an uninsured motorist severely injures or kills your daughter what do you do.

    This is not like we stop buying rice or coffee because they have gone up in price to teach the merchants a lesson. We are dealing with lives here.

    Reply
  52. Sherlock Holmes. March 30, 2017 at 12:40 pm

    Well i am aware that this news medium monitor these responses so the same way you gave coverage to one Davis Browne go back to him and let him be aware that we the citizenry will not be literally bullied or rather victimized in absorbing ridiculous increases in our insurance premiums because of the actions of reckless persons, enough is enough! When a hurricane makes land fall in other territories you hear the same nonsense this pilferage of policy holders must stop there has to be a different way to deal with the issue of reckless driving on the roads and it is not burdening the innocent with what can be deemed as unconscionable penal fines for the behavior of others. I say we must be the resistance and our voices must be heard.

    Reply
  53. RB March 30, 2017 at 1:03 pm

    Insurance rates have DECLINED by the order of 20% to 50% over the laat five years, depending on the type of insurance. If any of you blatherers have not seen that, then you are with the wrong insurer.

    Reply
    • Sherlock Holmes. March 30, 2017 at 8:13 pm

      RB spoken like a true insurance salesman.

      Reply
  54. Donild Trimp March 30, 2017 at 1:32 pm

    @Sherlock Holmes – “we the citizenry will not be literally bullied or rather victimized in absorbing ridiculous increases in our insurance premiums because of the actions of reckless persons”

    You are missing the point.

    What is your understanding of the Insurance business?

    I think most of you are not aware that Insurance Companies are in the business of operating at a profit and not at a loss.

    insurance Companies look after the interest of their shareholders first. In simple terms, the shareholders comes first and the clients second.

    That is simply the nature of the business.

    Reply
    • Sherlock Holmes. March 30, 2017 at 8:18 pm

      Donald i guess as you asked that question i would have to say that my knowledge is limited.However let me state that with my limited knowledge i view it as organised crime, plain and simple, it benefits the shareholders as you stated and make the policy holders shyte for want of a more proper expression.

      Reply
      • Donild Trimp March 30, 2017 at 9:28 pm

        @ Sherlock Holmes – I am not disagreeing with you.

        You are 100% correct but that is how the industry operates.

        The Gov’t can take steps and introduce legislation to address the increase in rates if they want to but Barbados is a different kettle of fish when it comes to dealing with these type of issues.

        Don’t think that will ever happen in Barbados.

        The Gov’t of Ontario, Canada tried that when rates started skyrocketing and it was an exercise in futility.

        Reply
  55. Carrington March 30, 2017 at 1:33 pm

    Every time we Barbadians purchase items in the store or services from the likes of FLOW and insurance companies we are being ripped off. Their is no excuse for the high prices and poor quality. Where are the police to fine the offending motorists who drive as though they were Formula 1 drivers.

    Reply
  56. jennifer March 30, 2017 at 1:53 pm

    @donild – in other words, this is the natural nature of vultures and eagles. The only place where people sit down and tolerate nonsense is in bim. You know donild that in other countries people come out to stand up and challenge their oppression. But here the wool and web is very thick. But I guess this have to get much worst.

    Reply
    • Donild Trimp March 30, 2017 at 5:00 pm

      @ jennifer – I am with you but Barbados is about 25 to 30 years behind how things are done in the real world.

      We cannot compare how pressure is placed on businesses in a place like Barbados to the UK or North America.

      To prove my point, businesses in Barbados owes the Gov’t over $600 million in taxes and they refused to pay up to the extent that some Gov’t officials are saying there is nothing else the Gov’t can do to make them pay.

      You think that kind of BS can happen in the UK, Canada or the USA?

      These businesses are still operating in Barbados for Heavens sake!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      Reply
  57. Jason March 30, 2017 at 2:10 pm

    This will only happen if bajans allow it to happen. We have to learn that the consumer has the power especially in the caribbean where the population is small therefore the purchasing power is greater.

    It just takes action on our part.

    Reply
  58. Clif March 30, 2017 at 2:50 pm

    All this solves nothing having people pay more money doesn’t eliminate complacency and neglegence on the roads, but people keep lil noise and they act without proper thought process as usual implementing something without a logical thought process behind it, so the driver that has a clean sheet has to be punished why? All a license does is prove you can drive a vehicle doesn’t make any1 a saint good decision makers or fantastic driver accidents will still occur and some fatal, insurance is the biggest legal fraud ever put into motion, and people will continue to suffer because idiocy will forever prevail with a bunch a yes men, tell them jump they ask how high jokers to the top of the ladder

    Reply
    • Jennifer March 30, 2017 at 7:58 pm

      @Clif – exactly my point.

      Reply
  59. jrsmith March 30, 2017 at 3:58 pm

    Bajans tends to think as like many friends of mine out of barbados , you have insurance so you behave as bad as possible on the roads ignoring road safety………
    Was in Barbados last week and saw drivers ,texting and talking on they phones , no safety belts , never seen so much bald tyres I mean seeing the white cord on the tyres…….

    Lots of drivers in barbados just seems not to care of they selfish behaviour , ……. My take , I blame the problems on our politicians and the government , the road infrastructure and lack of management in barbados is terrible and dangerous..
    Looking at the roads the few lines have all faded away …

    I am living in the (UK) and the holes in the roads is causing serious concern, on the new holes you can swim in , but the roads have lots of technology management ,
    Our politicians is promising every year to help cure the madness but, the promises this year is going to be added to last years , so eventually nothing will be done……………………………………..
    …………………………………………………………………………………..
    Please note , this present government hasn’t done anything since taking office that they could account for….they are not going to do anything which if they loose the next election , would be a bit of benefit to the (BLP) the thought of the voters is never in they minds ………………………………………………………………….
    As for insurance companies , instead of increasing the premiums , they should add high (Deductibles ) as like in the (US) or (Access ) as in the (UK), 1000 to 2000 , which means if anyone have an accident and its they fault they pay the part………..

    Reply
  60. gsmiley March 30, 2017 at 6:50 pm

    Jennifer sometimes I wonder about you. No wonder Peter is always on your case.

    It’s like you just oppose for opposing sake with no rationality.

    You are typical of someone with SBM syndrome. You think everyone is out to get you. Are you schizophrenic?

    Reply
  61. Alex Alleyne March 30, 2017 at 7:34 pm

    Some of the worst tyres on any vehicle in BIM are on the (trucks) tractor/ trailers , plus with no mud splashes. Do these units have to visit the inspection office at the pine ?. If so, the person in charge should be FIRED.

    Reply
    • Jennifer March 30, 2017 at 7:56 pm

      @Alex – Hun there are tricks in the trade. Its called switching.

      @gsmiley – you and he is a cut from the same cloth. The same way he stands up for his people i will talk for mine. I will say what i have to say just like you or anyone else on here. Only a coward and a playground bully would have an issue with another person’s opinion. Now pi$$ off.

      Reply
  62. Donild Trimp March 30, 2017 at 9:34 pm

    @ Jennifer – lawd jennifer, you carry a serious knock out punch there girl.

    “gssmiley” can’t seem to recover.

    Reply
    • Jennifer March 30, 2017 at 9:56 pm

      Listen Donild, it is only fair that any one can say what they want too on a public forum. They both will support their people and i am not abusive to them. Only a bully will try to constantly block someone from talking. if you say they are talking shyte, Just ignore the person if you disagree with them. unless they are making you guilty and uncomfortable. No body color matters to me, i call things the way i see it.

      Reply
  63. gsmiley April 1, 2017 at 2:51 pm

    Jennifer come on I know that you can do better than that. So low class for a woman of your intellect and sojourns.

    You have actually contradicted yourself without even realizing it

    Though you were brighter than that and classier.

    Guess I was wring on both counts.

    Reply
  64. gsmiley April 1, 2017 at 2:52 pm

    wrong*

    Reply
  65. Jea Alleyne April 2, 2017 at 10:20 pm

    Outrageous !!! How can you penalise those who have never had to claim….And where is all the money for the accident-free years. No rebates for people with a No claims bonus, …its too expensive, too frustrating to live on this tiny island….Those in accidents SHOULD have their premiums increased and points on their licence if found to be at fault. Is it possible for the road tax to be used on re-surfacing instead of “patching” the roads. Taxes are paid for improvements in the environment, especially roads thats the reason for road-tax !!

    Reply

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