All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
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 »
Canadian snowbirds in flux as insurance firms deny them COVID coverage — but there is a solution + MORE Jul 14th
Canadian insurers are refusing to provide travel health insurance to snowbirds hoping to travel south this winter. However, some U.S. insurers are willing to step in..... More »
Consumer-first finance: How USDC Rewards are changing the game Nov 20th
While traditional savings accounts offer minimal returns, cryptocurrency platforms are presenting Canadians with new options for their cash. Coinbase’s latest offering—3.85% rewards* on USDC balances—highlights a growing shift in how people think about storing and growing their money.
T.... More »
Manulife shares rise after rules over insurance deposits clarified Oct 30th
Two of Canada's largest life insurance companies welcomed a Saskatchewan government decision that clarifies the rules for a type of insurance policy that's been the focus of civil suits against them..... More »
TD Canada Trust Hikes Prime Mortgage Rate – What’s Next? Nov 7th
It was a move that came as a shock to some but not was not a surprise to others. On November 1st, TD Canada Trust became the first of the big five banks in Canada to raise its prime mortgage rate from 2.7 per cent to 2.85 per cent. The news comes only two weeks after the implementation of brand-new.... More »
Manitoba’s Crown-owned insurer says its investigators saved company $8 million
– canadianbusiness.com
WINNIPEG – Manitoba Public Insurance says its investigations saved ratepayers $8 million last year, and it has released a list of the top frauds they uncovered in 2013.
The Crown-owned insurance company says one of the cases involved two men who staged a collision with their high-end cars.
The pair claimed they didn’t know each other, but they were actually business partners and police later spotted them riding in the same vehicle during a business trip.
Another fraud had a more serious tone and involved a fatal collision between a vehicle and a train.
According to the insurance company, the vehicle driver had a blood-alcohol content that was twice the legal limit, but he told investigators his dead passenger had been the one at the wheel.
A camera in the locomotive eventually proved him wrong.
It resulted in the man’s personal injury protection plan benefits being denied based on the involvement of alcohol. The savings to Manitoba Public Insurance premium payers was about $150,000…
The Crown-owned insurance company says one of the cases involved two men who staged a collision with their high-end cars.
The pair claimed they didn’t know each other, but they were actually business partners and police later spotted them riding in the same vehicle during a business trip.
Another fraud had a more serious tone and involved a fatal collision between a vehicle and a train.
According to the insurance company, the vehicle driver had a blood-alcohol content that was twice the legal limit, but he told investigators his dead passenger had been the one at the wheel.
A camera in the locomotive eventually proved him wrong.
It resulted in the man’s personal injury protection plan benefits being denied based on the involvement of alcohol. The savings to Manitoba Public Insurance premium payers was about $150,000…
Apple CEO Tim Cook’s 2013 compensation rises 2 per cent to $4.3 million
– canadianbusiness.com
CUPERTINO, Calif. – Apple CEO Timothy Cook received a compensation package valued at nearly $4.3 million this year, up slightly from 2012.
Cook’s pay for fiscal 2013, which ended in September, consisted of $1.4 million in salary and a bonus of $2.8 million, according to a regulatory filing Friday. Cook’s compensation also includes $52,721 in company contributions to his 401(k) account, life insurance premiums and a vacation cash-out.
The year’s pay was relatively modest compared with 2011, when he took the company’s helm. That year, Apple’s board set him up with stock now worth $510 million.
Apple itself faced some challenges in the fiscal year. It closed with a nearly 25 per cent decline in market value, or about $160 billion. Still, it remains the world’s most valued company as measured by market capitalization.
The post Apple CEO Tim Cook’s 2013 compensation rises 2 per cent to $4.3 million appeared first on Canadian Business.
Cook’s pay for fiscal 2013, which ended in September, consisted of $1.4 million in salary and a bonus of $2.8 million, according to a regulatory filing Friday. Cook’s compensation also includes $52,721 in company contributions to his 401(k) account, life insurance premiums and a vacation cash-out.
The year’s pay was relatively modest compared with 2011, when he took the company’s helm. That year, Apple’s board set him up with stock now worth $510 million.
Apple itself faced some challenges in the fiscal year. It closed with a nearly 25 per cent decline in market value, or about $160 billion. Still, it remains the world’s most valued company as measured by market capitalization.
The post Apple CEO Tim Cook’s 2013 compensation rises 2 per cent to $4.3 million appeared first on Canadian Business.
