Many Calgary homeowners are getting notices in the mail offering a new type of insurance — for their sewer lines.
The direct-mail promotional material distributed by HomeServe is accompanied by a letter of introduction from EPCOR, which has a marketing agreement with the U.S.-based firm.
Read more: http://tinyurl.com/cmu87bl
Some Canadians rushed to their banks to check their deposit protection after hearing about the federal budget released last month.
The government said it intended to implement a comprehensive risk management framework — “a bail-in regime” — for Canada’s systemically important banks.
Read more: http://tinyurl.com/cel46uw
Finance Minister Jim Flaherty is stepping into Canada’s mortgage insurance market once again.
In the federal budget tabled Thursday, Ottawa announced further steps to limit taxpayers’ exposure to the mortgage market by cracking down on banks’ ability to use bulk mortgage insurance as a tool to offset their risks and boost their bottom lines.
Read more: http://tinyurl.com/cryjc8o
The Wawanesa Mutual Insurance Company has laid claim to a piece of the former CHCA-TV premises in Red Deer.
The Canadian company has committed to lease approximately 5,200 square feet of the main floor of the 2840 Bremner Ave. building, confirmed Keith Hartry, Wawanesa’s vice-president for northern Alberta.
Read more: http://tinyurl.com/aey34ut
EDMONTON – Icicles look pretty, decorating the edge of your eavestrough during dreary winter months, but they could be a sign of trouble.
Sean and Shelley Meek found this out the hard way — twice.
They’ve had to deal with ice dams on their west Edmonton home, two times in the past three years.
Read more: http://tinyurl.com/ap3hbop
Canada Mortgage and Housing Corp.’s insurance volumes dove 37 per cent in the latest quarter from a year ago, as Ottawa seeks to rein in the Crown corporation’s growth.
The bulk of the decline stems from the government’s decision to cap the total amount of insurance that CMHC can have in force at $600-billion, a move that has forced the mortgage insurer to shrink the amount of portfolio or bulk insurance it offers banks to virtually nil. (Portfolio insurance enables banks to protect broad swaths of mortgages that aren’t required to be insured, which reduces capital requirements for the banks).
Read more: http://tinyurl.com/c393n38
Buying a home is an exciting venture, but there can often be security risks attached to the purchase. I’m referring to those risks that are inherited – either from the builder or the previous homeowner.
Keys are a perfect example. It’s exciting to receive the keys to a new home, but you need to ask yourself whether they’re the only keys to the house.
Read more: http://tinyurl.com/czbf7jb
WASHINGTON — The federal government’s flood insurance program, which fell $18 billion into debt after Hurricane Katrina, is once again at risk of running out of money as the daunting reconstruction from Hurricane Sandy gets under way.
Read more: http://tinyurl.com/c8dqeaq
The housing market is on the slow road to recovery. Home prices in the last three months rose in 120 out of 149 metropolitan markets surveyed by the National Association of Realtors.
Compare that to just 39 rising metros a year ago. The median home price is up 7.6 percent from a year ago, the strongest year-over-year increase since the first quarter of 2006.
Read more: http://www.cnbc.com/id/49727669
Each year Lloyd’s of London, the company that invented what we now know as insurance, publishes what it calls “Realistic Disaster Scenarios,” a detailed list of hypothetical nightmares—terrorist attacks, earthquakes, midair airline collisions.
Read more: http://tinyurl.com/a4e2pg6