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Unlocking the Annuity Puzzle: Why Canadians avoid what seems to be the perfect retirement vehicle Dec 19th
The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them.
Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »
Insurance Fraud: The Leading Cause of High Insurance Premiums for Canadians Jul 2nd
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 du.... More »
If my home is destroyed, will insurance cover its full replacement cost? Feb 20th
If you live in an area susceptible to flooding or other natural disasters, experts say, you should double-check that your insurance policy covers your home’s full replacement cost.... More »
California electrical company stock plunges after revealing possible link to devastating wildfire Nov 15th
Shares in California's electricity and natural gas utility were hit hard on Wednesday after the company revealed it doesn't have enough cash and insurance to cover losses stemming from the devastating wildfire that may have been sparked by some of its equipment..... More »
What is comprehensive insurance and what does it cover? + MORE May 23rd
Comprehensive insurance essentially covers you for things that happen to your car that aren’t caused by you or another driver. Think of it this way: If collision insurance covers you for accidents, comprehensive insurance covers pretty much everything else that could happen to your vehicle. It pro.... More »
What Brexit could mean for Canada
– moneysense.ca
One of the few bright lights in the world economy just went out.
It took some time for the United Kingdom to get going again after the financial crisis. But through 2015, it was the only country in the Group of Seven’s rich industrialized nations to post economic growth in excess of two per cent for three years in a row. The City of London—the world’s dominant financial centre, no matter what New York might say—had just restored all the banking and insurance jobs it lost during those dark days of 2008 and 2009. Exports of goods were at record levels. Britain was getting its mojo back.
You can forget all that now. A narrow majority of British citizens voted on June 23 to leave the European Union. The decision may bring relief from the meddling of Eurocrats in distant Brussels. It may even empower Parliament to slow immigration, as advocates for leaving claimed. And there is little doubt it will cause economic damage, according to almost every serious economist who took the time to study the implications of Brexit…
It took some time for the United Kingdom to get going again after the financial crisis. But through 2015, it was the only country in the Group of Seven’s rich industrialized nations to post economic growth in excess of two per cent for three years in a row. The City of London—the world’s dominant financial centre, no matter what New York might say—had just restored all the banking and insurance jobs it lost during those dark days of 2008 and 2009. Exports of goods were at record levels. Britain was getting its mojo back.
You can forget all that now. A narrow majority of British citizens voted on June 23 to leave the European Union. The decision may bring relief from the meddling of Eurocrats in distant Brussels. It may even empower Parliament to slow immigration, as advocates for leaving claimed. And there is little doubt it will cause economic damage, according to almost every serious economist who took the time to study the implications of Brexit…
