How
insurance fits into financial plans – and
more
How insurance fits into financial plans – and more
Mark Burgess
Published 30 minutes ago
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Globe Advisor will be looking at new insurance products, how insurance fits
into financial plans, estate plans and tax strategies, and important
regulatory changes in our new insurance section. Maria Stavreva/iStockPhoto /
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A growing number of clients had to deal with natural disasters last year, and
there’s no reason to think that 2025 will be any easier on homes and vacation
properties.
Last summer, wildfires in Jasper, Alta., flooding in downtown Toronto and
Quebec, and a hailstorm in Alberta contributed to $7-billion in insured losses
for the insurance industry in the first nine months of 2024, the Globe’s Clare
O’Hara reported – more than double what insurers paid out in all of 2023.
As Alison MacAlpine writes this week , the frequency and intensity of natural
disasters is threatening the largest component of many Canadians’ nest eggs –
real estate. Her story is about how financial plans need to adapt to include
projected costs to repair or rebuild property and pay rising insurance
premiums.
It’s one of many interesting insurance stories we plan to tell this year in
Globe Advisor’s new insurance section . We’ll be looking at new insurance
products, how insurance fits into financial plans, estate plans and tax
strategies, and important regulatory changes facing the sector.
Is there an insurance topic you’re looking to read about? Let us know.
- Mark Burgess, Globe Advisor assistant editor mburgess@globeandmail.com
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New initials: Tina Tehranchian can add C.M. (for Member of the Order of
Canada) after her name. The certified financial planner and senior wealth
advisor at Assante Capital Management Ltd. was appointed to the Order of
Canada in December for her professional and philanthropic work. She’s featured
in our latest Behind the Advice article.
The long view: As a millennial money manager, Rebecca Teltscher is all too
familiar with the advice provided to her peers about taking on more market
risk when you’re younger and reducing it as you age. But she’s not buying it.
“Younger investors benefit from the length of time they can compound a steady
return with the added benefit of being able to withstand volatility,” says Ms.
Teltscher, portfolio manager at Newhaven Asset Management Inc. in Toronto.
Here’s what she’s been buying and selling.
The year in advice: During the past two weeks, we posted a series of “Best of”
articles from Globe Advisor in 2024. These covered important topics from
investments and tax planning to retirement and the coming wealth transfer.
Here’s the article on retirement planning , which deals with topics such as
combatting loneliness, deciding where to live, and learning how to relax and
enjoy their hard-earned savings.
More from Globe Advisor
Globe Advisor’s Best of 2024: News from an industry in flux
Globe Advisor’s Best of 2024: The capital gains saga and other tax stories
Globe Advisor’s Best of 2024: Preparing for the massive wealth transfer
Globe Advisor’s Best of 2024: Planning for the CPP
Globe Advisor’s Best of 2024: Top strategies for RRSPs, TFSAs and FHSAs
Globe Advisor’s Best of 2024: Behind the Advice
Globe Advisor’s Best of 2024: Tales from the golden age
Globe Advisor’s Best of 2024: Provocative perspectives from industry experts
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exchange-traded fund assets. After a banner year for ETFs, the amount of money
DIY investors are piling into these funds is creeping closer to the total
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Venture investors: Olivia Steedman sometimes thinks of herself as the captain
of a patrol boat, scouting the horizon for treasure and perils just ahead of
its much larger ship – the $256-billion Ontario Teachers’ Pension Plan. Here’s
how the global head of Teachers’ Venture Growth is finding late-stage venture
investments in leading-edge technology companies.
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