Old 29th Dec 2014, 12:21
  #365 (permalink)  
slats11
 
Join Date: Aug 2007
Location: sydney
Age: 56
Posts: 356
The only thing the reinsurers would do is laugh your idea out of the room !
Time will tell I guess.

You can bet that Allianz are not laughing right now.

Communication technology continues to evolve rapidly. What seems expensive or not practical or not justified on a cost:benefit analysis today may (probably will) soon become routine.

Even today there are handheld units that cost a few hundred $ (e.g. Spider tracks) that determine GPS location every minute and transmit it via Iridium at a few cents a message.
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