Weekend Fish Wrap, Spring Cleaning Edition

Do this in Edmonton at your own risk

The Fish Wrap: an occasional grouping of interesting links, mostly centered around finance topics, largely from personal finance blogs. A carnival of sorts, curated in no particularly consistent fashion, and only loosely governed by editorial standards. Every once in a while, that Drafts folder has to be cleaned out.  Old post ideas, thought nubs and topic snippets that are just taking up space.  This week, it's the turn of: Obamacare,  Lodge Doctors and Fraternal Insurance Organizations Ambitious title, but precious little work done in it.  Inspired in part by Don't Quite Your Day Job's look at the economics of health care ("Health Care Is No Different Than Any Other Good"), it was going to be (and may yet still be) a … [Read more...]

Political Entrepreneurship, or: How I learned to Stop Worrying and Love Obamacare (Part II)

Top Accident and Health Insurers

  Continuing on with a two-part series on what defensive strategies to take in dealing with the new or modified reality of Obamacare. Part 1 can be found here. Definition of political entrepreneurship, by author Thomas DiLorenzo as quoted on Wikipedia: "a political entrepreneur succeeds primarily by influencing government to subsidize his business or industry, or to enact legislation or regulation that harms his competitors." He says, in contrast, the "market entrepreneur succeeds financially by selling a newer, better, or less expensive product on the free market without any government subsidies, direct or indirect." Cui Bono? In the context of political entrepreneurship, or entrepreneurship alone, it's just about the … [Read more...]

Popular Myths on Auto Insurance

Unconfirmed if Bonnie Parker had auto insurance. Presumably not.

  This article brought to you by Insurance Hunter Next to a home, a vehicle is likely the common person's most valuable asset. Like a home, vehicle insurance expense is a major monthly expense. Very much unlike a home, car ownership carries significant risks of liability and negligence. Best to be prepared with the right kind of coverage. Part of being prepared is discounting popular myths and misconceptions. Many times debunked, yet more persistent and pernicious than crabgrass is the silly myth that the vehicle's color will impact insurance costs. Wrong. Insurance companies don't really care a whit about color, but more about year, make and model, and is it popular with thieves. A zippy red Mustang convertible will … [Read more...]

Overheard at a Garage Sale

At a garage sale this past weekend, my wife and I couldn't help but overhear a conversation between the person holding the sale and a neighbor.  The speaker was a nice lady of middle age with two teenager kids, who were minding the sale. It turns out the lady's husband husband had died earlier this year of lymphoma cancer.  "Well, he had no life insurance, and I'm down to bare bones.  I'll probably have to either sell the house or walk away from it, I can't make the mortgage payments". We left about then, sadly enough there was not much worth buying at the sale. Folks, if you have a family, try your best to get life insurance. Plain vanilla term life is OK, and don't let the salesmen talk you into whole life policies with investment … [Read more...]