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A guide to the best robo-advisors in Canada for 2021 + MORE Jan 3rd
The robos have invaded. What was once a little-known investing tool for tech-savvy investors is now so commonplace, everyone from newbie savers to retired boomers using robo advisors to help manage their money.
While advisors and traditional fund companies still manage the majority of money in C.... More »
These are the most expensive postal codes for auto insurance in the city. Here’s how you can save if you live in one + MORE Mar 16th
The City of Toronto came in as the seventh most expensive city in the province for auto insurance, with the most expensive postal codes — M3N and M9M — in Humber River-Black Creek..... More »
Want to save money on auto insurance? Buy winter tires, say experts Oct 23rd
With the wrong rubber on cold, wet, snowy or icy roads, you’re not only risking life and limb, you’re playing with financial fire, say experts..... More »
Better Coverage, Lower Cost: Find the Right Health and Dental Plan Oct 19th
When Was the Last Time You Reviewed Your Plan?
If it’s been a while, you could be missing out on new discounts, waived waiting periods, and enhanced coverage options. Whether you’re self-employed, between jobs, transitioning to retirement, or simply looking for better value, now’s the perfect.... More »
The best travel insurance credit cards in Canada for 2024 + MORE Jul 2nd
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The best travel insurance credit cards in Canada for 2024
Searching for the perfect card? Compare your options with our interactive tool, and filter results based on rewards value, annual fees, income requirements, and more.
Compare now .... More »
Insurance Fraud: The Leading Cause of High Insurance Premiums for Canadians
– ratesupermarket.ca
An ever-present, growing problem in the Canadian insurance industry is fraud. What some view as a “victimless crime” can affect thousands of insured Canadians.
Insurance fraud can be well planned with a network of perpetrators working in tandem, or committed by a single person in a moment of duplicity. The constant across all fraudulent claims is their result: they drive up premiums for all insurers.
Auto insurance fraud can take many forms and be carried out by any number of people in an auto claim process.
Don Forgeron, President and CEO of IBC, at the Ontario Association of Chiefs of Police Meeting on June 24, 2019, warned of the tie between criminal organizations and insurance fraud:
“Fraud can be a way for organized crime to bring in revenue and support its other operations. It can be a way for dishonest people to take advantage of unsuspecting citizens – sometimes threatening them with violence or retribution. Beyond that, there are also people across our province who are put at risk every time a car accident is staged to potentially secure accident benefits for the so-called victims…
