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…

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…

Can your business withstand your unexpected death?

Establish a transition plan after talking to trusted advisers and considering options, and talk to family and key staff

Can your business withstand your unexpected death?Brian Tracy, the famous sales trainer, has a story he tells about the importance of great questions. Tracy was meeting with an insurance salesman who asked if he had enough life insurance. Since he didn’t want to deal with this man, Tracy assured him he did. As he was finishing the meeting, the salesman asked:…

Canadians neglect travel insurance: survey

Anne Marie Thomas of InsuranceHotline.com talks about the unnecessary risks Canadians take when they travel abroad and what they can do to minimize those risks

Canadians neglect travel insurance: surveyAnne Marie Thomas is an insurance expert with InsuranceHotline.com. You did a survey recently of medical emergency and insurance. What were the key findings? Thomas: The key findings are that while 72 per cent of Canadians had some form of travel or medical insurance for recent out-of-country travels, most leave their family under-insured, whether it…

Alberta EI beneficiaries continue to decline

In Canada, 441,310 people received regular benefits in May, up by 2,020 from the previous month but down 19,630 from a year ago

Alberta EI beneficiaries continue to declineThe number of people receiving regular Employment Insurance benefits continues to fall in Alberta. Statistics Canada reported on Thursday that there were 49,090 regular EI beneficiaries in the province in May, down 1,920 from April and a decrease of 4,120 from a year ago. “The decline was similar to the one observed in April. In…

Personalized employer health programs sought by workers: survey

Personalized employer health programs sought by workers: surveyAn RBC Insurance poll found that 80 per cent of Canadians say their overall well-being would improve if their employer were to offer a personalized wellness program customized to an individual's specific wellness and health-related interests and goals. The poll also found that 94 per cent are more likely to work for an employer who…

Insurance customers demand real-time services, customization

Susan Johnston of Accenture Canada talks about delivering hyper-personalized, on-demand services

Insurance customers demand real-time services, customizationSusan Johnston is managing director of financial services at Accenture Canada. What were the key findings of the recent report Technology Vision for Insurance 2019? Johnston: Our latest Technology Vision for Insurance 2019 report found that insurance companies are now focused on how they can shape the world around people and select the right moments…

How the insurance industry can embrace the digital age

Tom Super of J.D. Power talks about the company's surprising findings about the insurance industry

How the insurance industry can embrace the digital ageTom Super is vice-president of property and casualty insurance intelligence at J.D. Power. Are insurance companies meeting customer expectations for digital self-service tools, customer service channels and omni-channel integration? Super: Insurance companies are fairly strong when it comes to customer service channels. Insurance has always been a very service heavy business and the lessons learned…

Five things that changed the classic car hobby

Electronic ignitions, new carburetors, synthetic lubricating fuels, eBay and collector car insurance all play a role

Five things that changed the classic car hobbyLike pets and people, cars need to be exercised regularly, especially those with a few miles on them. If those old bones and joints aren’t given a regular workout, they deteriorate. Rubber gets brittle, oil loses its viscosity, gas sheds its octane and moving parts become arthritic. Cars aren’t couch potatoes – they like it…

Steer clear of the Big Money Club when crafting national pharmacare

Prescription drug policy in Canada ought to be decided in the interest of Canadians, not based on the power of industry sector lobbies

Steer clear of the Big Money Club when crafting national pharmacare“Canadians face some of the highest prescription drug prices in the world,” admitted the federal government when announcing the interim report from its Advisory Council on the Implementation of National Pharmacare. If Canadians hoped this report would provide details on how a national pharmacare program might be implemented and funded, they only got a taste.…

Passport? Check. Insurance? Better check

Are you game to be an eco-Adventure Junky? Or are you looking for some place quirky to stay on your next trip?

Passport? Check. Insurance? Better checkSpring break. Those two words make many people giddy with excitement right about now. But in the fever of getting ready to flee winter’s frigid temperatures, many of us – especially if we’re fortunate enough not to have health issues – often forget about buying health insurance for travel abroad. I can’t count the times…

B.C. government should get out of the insurance business

ICBC represents an asset to the provincial government, which faces deficit problems

B.C. government should get out of the insurance businessBy Ian Madsen and Anderson Agbugba Frontier Centre for Public Policy The Insurance Corp. of British Columbia (ICBC) has recently suffered significant losses. These losses have been offset by transfers from its optimal business. But without transfers, the basic business capital would have fallen below the regulatory minimum. Even worse, optimal business has also suffered…

Has Saskatchewan Government Insurance outlived its purpose?

A private insurance corporation would be better suited to take on any risk, instead of leaving taxpayers to bear losses

Has Saskatchewan Government Insurance outlived its purpose?Ian Madsen and Alexandra Burnett Frontier Centre for Public Policy Many Crown corporations created long ago are showing signs that they’re no longer appropriate for life in evolving competitive markets. Saskatchewan Government Insurance (SGI) may be one that’s outlived its purpose of providing vehicle insurance to Saskatchewan drivers. SGI is the monopoly owned by the…

Adrift and perilously close to abandoning ship

After more than a little high-seas misadventure, the Frankie finally proves seaworthy – and sanitary

Adrift and perilously close to abandoning shipBack in 2012, we had a dreamboat, an 18-foot Hourston Glascraft. It was brand-new, had a magnificent 150-horsepower Yamaha four-stroke outboard, and quickly became the envy of the Skelhp government wharf. We paid monthly wharfage dues all summer and used it to fish and cruise. We christened her the Francine, after my then 90-year-old Mom.…

Storm damage assistance available to Kindersley citizens

Residents must start a claim with their insurers before they apply to receive funding through the provincial government program

Storm damage assistance available to Kindersley citizensKenneth Brown of The Clarion Residents of the Town of Kindersley with uninsurable losses from a severe storm early in July could now apply for funding assistance from a provincial program. Town officials applied to the Provincial Disaster Assistance Program (PDAP) after a severe storm on July 10 caused widespread damage in the community. A…