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How You Can Protect Your Data from Cybercriminals Aug 4th
If you found a USB stick in the bathroom at work, would you plug it into your computer to see what’s on it? Preying on our inherent curiosity is one clever way cybercriminals try to trick us into making security mistakes in an effort to gain access to sensitive computer systems and launch a cyber .... More »
Updating Your Life Insurance Policy Jan 19th
A life insurance policy is instrumental when it comes to protecting your family and providing for them financially in the event that one or both parents pass away.
How much coverage is required depends on many different factors. Simply put, when a person dies , that person’s estate (consisting o.... More »
Losing ground: Why Canada’s grip on U.S. real estate is slipping Oct 30th
In the aftermath of the financial crisis, Canadian pension funds, insurance companies and investment firms began a near-decade-long U.S. commercial real estate spending spree that has been unmatched by any country. Until now.
.... More »
Crazy Life Insurance Fraud: The Non-Existent Insured Dec 9th
Human ingenuity seems to know no bounds, and this certainly is true when it comes to life insurance fraud. In this post we look at four women from California who filed bogus life insurance claims for fictitious people that they just made up. These hucksters even went so far as to have funeral servic.... More »
Are your deposits at Canadian financial institutions safe? Mar 21st
Ask MoneySense
We live in Ontario, and in light of the current banking problems in the U.S., we are a bit concerned about our investments.
They are held at three different banks at the moment and are largely in GICs and high-interest savings accounts.
We are aware that up to $100,000 is insure.... More »
Berkshire profit climbs 9.8 per cent on insurance, railroad
– theglobeandmail.com
Net income rose to $5.16-billion (U.S.), or $3,143 per share
Telling tales: Insurance claims from around the world
– moneysense.ca
Home insurance claims from around the world (Getty Images / Dimitri Otis)Not sure if you do this but every time I see a link to a Pinterest Fails gallery, I just have to click it. Not only are the images hilarious but being a rather un-crafty person, I can relate.
So, it comes as no surprise that I would find ridiculous home insurance claims more than mildly amusing. I’ve been through the flood, the sewer back-up, the power failures and the extreme home renos. And if I haven’t been through it I’ve spoken to someone who has. (I can still recall Bruce Ritchie’s chilling near death experience when a semi-truck and trailer slammed into his house. Now that was not funny.)
While most home insurance claims are on the mild side, a few are not, and even fewer are just downright strange. So, here’s a collection I’ve culled from a few years tinkering, talking and poking around on the subject.
#1. Basic chemistry (for insurance folks)
A number of years ago, a U.S. homeowner put in a water damage claim only to have it rejected…
