Industry

Will cyber insurance become mandatory?

Cyber insurance is set to become as essential as workers’ compensation insurance in the near future, a cyber insurance provider CEO has predicted. Vishal Kundi, CEO and co-founder of Toronto-based cybersecurity and insurance specialist MGA BOXX Insurance, told Canadian Underwriter that he foresees cyber insurance becoming mandatory as it increasingly becomes “vital to most countries’ […]

By Melissa Shin | October 7, 2021

3 min read

The latest acquisitions from Westland and Hub

Large brokerages Westland Insurance Group Ltd. and Hub International Limited have both announced recent mergers and acquisitions activity. On Tuesday, Surrey, B.C.-headquartered Westland said it had acquired personal and commercial lines brokerage Insurance Unlimited in Mississauga, Ont. The following day, Hub announced the acquisition of another personal and commercial lines brokerage — Montreal-based H.W. Hollinger […]

By Jason Contant | October 7, 2021

2 min read

Phasing out gas generation by 2030 would lead to blackouts, higher bills, report says

TORONTO – Ontario’s electricity system operator says phasing out natural gas generation by 2030 would result in rotating blackouts and higher electricity bills. The Independent Electricity System Operator examined the idea after 31 municipal councils in the province called for the move by the end of the decade. A report released today by the IESO […]

By Jason Contant | October 7, 2021

1 min read

How wedding insurance will adapt to a post-pandemic world

Wedding revenues dropped by almost 40% drop in Ontario last year, according to HelloSafe.ca, due largely to the COVID-19 pandemic. Wedding insurance, as a result, was also affected. Pre-pandemic, Front Row Insurance Brokers was receiving about 200 orders a month for third-party general liability, said Mike Groner, the brokerage’s vice president. “That was what forced […]

By Melissa Shin | October 6, 2021

3 min read