No-fault insurance runs counter to free-market ideals

No-fault insurance runs counter to free-market idealsWith everyone’s attention riveted on COVID-19, it’s important to remember there are still unrelated bad policy ideas that could become legislation. The Alberta government recently convened an expert panel to examine what’s widely being called Alberta’s car insurance problem. As is usually the case in these types of matters, the problem seems to be largely…

How to protect yourself when a travel company cancels your trip

Travel insider: Standard or economy airfares: Do you know the difference? And how the selfie generation is altering travel experiences

How to protect yourself when a travel company cancels your tripIt happens all too often – travel companies suddenly announce bankruptcy or face financial hurdles, leaving thousands of paying customers stranded and out of pocket for hasty alternate arrangements. Never mind the disappointment of missing out on a trip of a lifetime – the money can be gone, too. The sudden shutdown of British travel…

How healthy is our health-care system?

A recent report compares care across eight developed countries, including Canada. The results are edifying

How healthy is our health-care system?The Manhattan Institute – an American free-market think-tank – recently published a comparison of health care across eight developed countries. Looking at Canada, the United Kingdom, Australia, France, Germany, the Netherlands, Switzerland and the United States, the analysis provides food for thought. Here are my takeaways. Role of government Governments in all eight countries are…

Do you need mortgage insurance?

It depends. As with all financial planning questions, no one answer fits every situation

Do you need mortgage insurance?“Did I need to take the insurance the bank sold me when I got my mortgage? Do I need mortgage insurance at all?” C.P. wrote and asked. I’m often asked this and the answer is usually the same: That depends. As with all financial planning questions, no one answer fits every situation. The simple answer in…

How to be an adult, one sound financial decision at a time

Many people take a long time to launch on adult life because they've never been taught to spend less than they make

How to be an adult, one sound financial decision at a time“The first responsibility of adulthood is paying your own bills,” according to Jamaica Finance Minister Peter Phillips. That country has worked hard to wean itself of dependency on the International Monetary Fund (IMF) and is in a position to stand on its own feet economically. Paying your bills is a definition of adulthood that applies…

More than half of Canadian mortgages are uninsured

In the first quarter of 2019, nearly two-thirds of residential mortgages in arrears over 90 days were uninsured: StatsCan

More than half of Canadian mortgages are uninsuredBy Troy Media A report released on Monday by Statistics Canada says more than half of outstanding residential mortgages in Canada are uninsured. The total number of outstanding residential mortgages from non-bank lenders at the end of the first quarter of 2019 was 1.7 million, at a total value of $324.9 billion. The average value…

Using covert tools to gather intelligence

James Teague talks about how OSINT Investigations provides individuals and organization with the information to make sound decisions

Using covert tools to gather intelligenceJames Teague is president of OSINT Investigations, based in Calgary. What is OSINT Investigations and what does it do? Teague: OSINT Investigations is a full-service private investigation firm. Our office is located in Calgary, but we do investigations all across Alberta and into B.C. as well. We do everything from insurance investigations to infidelity to…

A clear-eyed look at the first-time home buyers aid program

Robert McLister, managing editor of Rates.ca, talks about the pitfalls of the government program and why fewer Canadians are likely to take part than anticipated

A clear-eyed look at the first-time home buyers aid programRobert McLister is managing editor at Rates.ca. What is Rates.ca? McLister: Rates.ca compares insurance, mortgages and credit cards from dozens of companies across Canada. By juxtaposing numerous providers, it's easier for consumers to quickly compare terms and find the best prices. How does the new down payment assistance program for first-time homebuyers work? McLister: The…

Turning insurance into a relationship business

Dana Bouwman of Insight Insurance and Risk Management in Edmonton talks about how to build and sustain a client list

Turning insurance into a relationship businessDana Bouwman is account executive at Insight Insurance & Risk Management in Edmonton. Tell me a little bit about what you do? How and why did you get involved in this career? Bouwman: I facilitate liability and property insurance programs for mid-sized companies. Specifically, I focus on construction, manufacturing, and tech companies that have $10-plus-million…

Regular EI beneficiaries keep falling in Alberta

Nationally, 442,600 people received regular EI benefits in June, down 180 from the previous month and by 21,280 from last year

Regular EI beneficiaries keep falling in AlbertaThe number of Employment Insurance beneficiaries in Alberta declined in June for the fourth consecutive month, down 2.8 per cent to 47,700, according to data released on Thursday by Statistics Canada. “There were decreases in the CMAs (census metropolitan areas) of Edmonton (-5.0 per cent) and Calgary (-1.7 per cent), as well as in the…
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