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What you need to know about third-party liability insurance in Canada Oct 10th
Third-party liability insurance is mandatory coverage for all drivers in Canada. It offers protection for drivers if they’re at fault in an accident and the other party is hurt or even killed. This is mandated at a provincial level, and all provinces require a minimum of $200,000 in third-party in.... More »
COVID-19, Loss of Employee Benefits & Conversion Health Insurance Plans + MORE Feb 28th
Unfortunately many Canadians have now found themselves without employee benefits due to job loss as a result of the COVID-19 pandemic.
Not having health insurance coverage can be a source of worry for many of these unemployed Canadians.
The good news is that there are specialized health and dental .... More »
CPP payment dates in 2025, and more to know about the Canada Pension Plan Apr 2nd
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... More »
Financial planning in your 70s + MORE Oct 7th
When most people think about financial planning, they think about saving and investing for retirement. That is certainly a part of it, but financial planning is much more holistic.
Here are a few financial planning strategies for those approaching or into their 70s. If you are not there yet, bookmar.... More »
Egan: Bank tells senior who got stuck in Antarctica he's too old for credit card's travel insurance + MORE Jun 3rd
Robin Farquhar has one of those wonderful-sounding travel credit cards, ScotiaGold Passport Visa, that comes with six types of insurance coverage — everything from burglary to lost luggage to cancelled flights. As a longtime Bank of Nova Scotia customer, imagine his reaction, a year ago, .... More »
The costs of the Fort McMurray fire
– moneysense.ca
A wild fire rips through the forest 16 kilometres south of Fort McMurray, Alta., on highway 63 on May 7, 2016. (THE CANADIAN PRESS/Jonathan Hayward)When the wildfire struck outside Fort McMurray a year ago, Rocco Neglia was sitting in a regular office meeting across the country at the head office of his firm Economical Insurance, in Waterloo, Ont.
The latest news was initially positive, recalls the vice-president of claims. “I got an email that morning from our Edmonton office saying wind conditions were good and it looked like we would avoid complications due to the fire,” says Neglia.
“But then at about 1:00 pm, that forecast changed and the entire town was given evacuation orders. I kept looking at my mobile device and knew by midday that it would need a huge response from the insurance industry.”
In the end, in addition to bringing devastation on the lives of residents it would become the most expensive disaster in Canadian history and the impact continues to be felt on the local and regional economy…
