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How to find a lost life insurance policy Feb 12th
My stepfather left a will and a trust with my mom and brother as trustees. My stepfather raised me since I was five. Before he died, he told me he had a policy with my name on it, but my mom and brother won’t tell me. What could I do? Do I have rights?—Ladana
The details of a will and lif.... More »
Fairfax increases stake in Torstar with $11.8 million private stock deal + MORE Nov 11th
TORONTO _ Fairfax Financial Holdings Ltd. (TSX:FFH) has paid nearly $11.8 million to increase its holding of Torstar Corp.’s non-voting shares to 40.6 per cent.
The Toronto-based financial company now owns about 28.9 million class B shares of Torstar (TSX:TS.B), owner of the Toronto Star, the .... More »
How much does life insurance cost in Canada? + MORE Mar 24th
Life insurance is often touted as the financial safety net we all need, but what if it’s an added expense you’re not sure you can afford? If that’s your thinking, you’re far from alone—a 2019 study showed that most Canadians are underinsured, with 49% having never purchased life insurance.... More »
Renting vs. buying: Which is the better option? Aug 20th
The rent-versus-buy debate has long divided financial experts and aspiring home owners, with no clear winner in sight.
The traditional argument holds: While buying a home can build long-term equity and stability, renting can provide flexibility and fewer upfront costs. But as home ownership becom.... More »
The best travel credit cards in Canada for 2025 + MORE Jun 9th
To be one of the best travel credit cards in Canada on our list, the card must combine strong earn rates with perks like lounge access, no foreign transaction fees and travel insurance coverage. We’ve compiled this list of the top cards in this category to help you get started.
Best travel cred.... More »
Traffic deaths surged in 2015 as driving hit new record
– canadianbusiness.com
WASHINGTON – Traffic deaths surged last year as drivers racked up more miles behind the wheel than ever before, a result of an improved economy and lower gas prices, according to preliminary government data released Friday.
Fatalities rose 7.7 per cent to 35,200 in 2015, said the National Highway Traffic Safety Administration. Last year was the deadliest driving year since 2008, when 37,423 people were killed. It was also the year in which American drove 3.1 trillion miles, more than ever before.
The information comes as tens of millions of Americans were hitting the road for the Fourth of July holiday.
Historical data show that after peaking in the 1970s, traffic deaths have fluctuated quite a bit while generally trending downward, according to the Insurance Institute for Highway Safety. Large dips in deaths have corresponded to shocks to the economy: the oil embargo of the mid-1970s, the recessions of the early 1980s and early 1990s and the more recent downturn that began with the subprime mortgage crisis…
Fatalities rose 7.7 per cent to 35,200 in 2015, said the National Highway Traffic Safety Administration. Last year was the deadliest driving year since 2008, when 37,423 people were killed. It was also the year in which American drove 3.1 trillion miles, more than ever before.
The information comes as tens of millions of Americans were hitting the road for the Fourth of July holiday.
Historical data show that after peaking in the 1970s, traffic deaths have fluctuated quite a bit while generally trending downward, according to the Insurance Institute for Highway Safety. Large dips in deaths have corresponded to shocks to the economy: the oil embargo of the mid-1970s, the recessions of the early 1980s and early 1990s and the more recent downturn that began with the subprime mortgage crisis…
$100 to protect your home from a lightning strike
– moneysense.ca
It’s beautiful and alluring. It can also be devastating. According to the U.S.-based Insurance Institute, lightning strikes rarely destroy a home, but they can cause quite a bit of damage. In 2009, the average homeowner insurance claim damage, due to lightning was US$4,324. But add up and those claims and insurance companies paid out almost US$1.1-billion in claims due to damage caused by lightning strikes.Yet, we underestimate the need to prevent lightning from hitting our homes. “The great majority of claims we receive in Canada are from electrical surges,” explained John Lockwood, president and CEO of Peel Mutual Insurance Company in Brampton, Ont. during a CITopBroker.com interview. “The actual damage to the structure is usually inconsequential, except when it starts a fire. Most residences aren’t going to go to the trouble of putting up an electrical rod or ground system—it’s too expensive, it’s not aesthetically pleasing and the chances of [lightning destroying a home] are pretty remote…
