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Latest News
Kids new targets of identity theft + MORE Apr 12th
In the duplicitous world of fraud, it could be called the "original SIN." A parent applies for a social insurance number (SIN) for her child in order to open a Registered Retirement Savings Plan, but unless the number is protected, it can be used to create a completely new identity to apply for cred.... More »
Regulators take over small bank in Oklahoma; Brings US bank failures to 12 in 2014 + MORE Jun 27th
WASHINGTON – Regulators have closed a lender in Oklahoma, bringing U.S. bank failures this year to 12 after 24 closures in all of 2013.
The Federal Deposit Insurance Corp. said Friday that it has taken over Freedom State Bank, based in Freedom, Oklahoma.
The bank, which operated one branch, ha.... More »
How the heck is Lorelai from Gilmore Girls not broke? Nov 27th
At Luke’s Diner for the morning coffee she’ll have a sip of before dashing off.
Ah, Gilmore Girls. A show about love, life, relationships and…money? The hit series is full of fast-talking banter, plenty of coffee and some interesting financial issues that to a 20-something pers.... More »
A Year of Rate Hikes: Ontario Car Insurance Rates Have Increased Again Jan 15th
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 3.35 per cent on average..... More »
Mission accomplished? Obama says more than 6M signed up for health care, meeting target + MORE Mar 27th
WASHINGTON – Back on track after a stumbling start, President Barack Obama’s health care overhaul reached a milestone Thursday, with more than 6 million Americans signed up for coverage through new insurance markets.
The announcement — four days before open enrolment season ends Monday.... More »
Sun Life Financial Inc.said the New York Department of Financial Services’ approval process will delay the company’s sale of its U.S. annuity business and certain life-insurance businesses beyond the second quarter.
Why Canadians Aren’t Asking The Right Insurance Questions
– ratesupermarket.ca
Just like paying the taxman, insurance is one of those not-so-fun-but-necessary expenses. Whether it’s life, home, auto or mortgage insurance, most Canadians are paying for at least one type of coverage. However, learning about insurance is about as much fun as cleaning your attic, and it appears policyholders aren’t even trying; a majority of Canadians (52 per cent) can’t be bothered to ask their insurance provider about coverage they don’t understand under their insurance policy, according to a TD study.
Why Aren’t We Asking Questions?
Why are we so shy when it comes to our insurance policies? Thirty one per cent of TD respondents say they wouldn’t clarify their policy because they think it is too complicated. Another 31 per cent said it’s due to a lack of time. Twenty three per cent said they were embarrassed about their lack of knowledge, and 19 per cent simply weren’t interested enough to learn more, according to the State of Insurance Report. This is a startling revelation, as insurance is crucial in case of life-changing events such as car accidents or home fires…
Alberta homeowners who hope to make claims with insurers for flood damage will be out of luck in most cases.
