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Searching Content indexed under Insurance Laws and Products by Norton Rose Fulbright Canada LLP ordered by Published Date Descending.
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1
New Anti-Money Laundering Rules In Canada: A Brief Impact Analysis
The FINTRAC recently released the final version of the regulations amending the Regulations to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (as amended, the Regulations).
Canada
29 Jul 2019
2
Wrecked, Abandoned Or Hazardous Vessels Act - What Do Insurers And Risk Managers Need To Know?
At least initially, compliance with the Wreck Removal Insurance regime is being enforced through an honor system.
Canada
12 Jul 2019
3
The Superior Court Of Quebec Issues A Reminder: The Cultivation Of Cannabis Can Lead To The Forfeiture Of The Right To An Indemnity Under A Home Insurance Policy
Despite the legalization of cannabis by the federal government on October 17, 2018, not all cannabis-related activities have become legal.
Canada
30 May 2019
4
Suspension Of Insurance Coverage: The Superior Court Of Québec Reminds Us Of The Serious Consequences Likely To Arise From A Breach Of Warranty
On April 1, 2019, Justice Guylène Beaugé of the Superior Court of Québec dismissed a suit brought by two insureds (the Insureds) against their insurer, Promutuel Boréale (Promutuel) and allowed the latter's counterclaim.
Canada
30 Apr 2019
5
Professional Liability And The Loss Of Chance In Quebec
The judge therefore focuses on the chance itself, and compensates in accordance with its degree of probability.
Canada
14 Mar 2019
6
M&A Activity In The Insurance Sector Reaching New Heights
M&A activity in the insurance sector in North America declined in the years immediately following the financial crisis, and has peaked in recent years.
Canada
6 Feb 2019
7
Apples To Apples No More: Court Of Appeal Clarifies The Proper Approach To Deducting Collateral Benefits In Ontario MVA Claims
Two recently released decisions from the Ontario Court of Appeal address the intersection of tort damages and statutory accident benefits under Ontario's Insurance Act1
Canada
27 Dec 2018
8
Finding The Sweet Spot – An SCC Recalibration Of The Irrevocable Beneficiary And The Remedy For Unjust Enrichment
Moore v Sweet is a recent Supreme Court of Canada decision that arose out of a dispute over life insurance proceeds.
Canada
5 Dec 2018
9
When Will Referral Arrangements Constitute Trading Under The BC Securities Act?
In a recent decision of the BC Securities Commission (BCSC), the BCSC provides helpful guidance concerning when referral arrangements cross the line and become trading for which registration is required.
Canada
5 Dec 2018
10
Quebec Court Of Appeal Orders An Insurer To Pay Damages For Poor Management Of An Insured's Claim
On October 3, the Quebec Court of Appeal allowed in part the appeal of SSQ Financial Group (the Insurer) against a Quebec Superior Court judgment1 ordering it to pay damages due to the biased...
Canada
23 Nov 2018
11
Insurtech – AMF Clarifies The Rules Applicable To The Online Distribution Of Insurance Products As Of June 2019
On October 17, the Autorité des marchés financiers (AMF, Quebec's securities regulator) held a public information session on the proposed framework for distribution ...
Canada
16 Nov 2018
12
Can A Breach Of A Performance Guarantee Be Subject To Insurance Under Quebec Law? The Superior Court Takes A Stand
On May 17, 2018, Justice Danye Daigle of the Superior Court of Québec dismissed a Wellington motion filed by LeProhon Inc. against its insurer, Federated Insurance Company of Canada (Insurer).
Canada
28 Sep 2018
13
Frequency And Size Of M&A Insurance Claims Continue To Rise
For the first time, AIG also included statistics in its report on breach type by industry sector.
Canada
19 Sep 2018
14
Quebec Opens Its Door To InsurTech: Opportunities To Grasp
In Quebec, a substantial legislative change is expected in the next few months
Canada
5 Sep 2018
15
Quebec Superior Court Looks At Estoppel In The Context Of A Wellington Motion
On July 9, 2018, Justice Pierre Ouellet dismissed a Wellington motion brought by Construction CGP Inc. and Les Entreprises Rosario Martel Inc. (the Insureds) against four insurance companies (the Insurers).
Canada
17 Aug 2018
16
Increased M&A Activity Predicted As Insurance Industry Evolves
The insurance industry is an evolving landscape.
Canada
27 Jul 2018
17
The Supreme Court Of Canada Declines To Hold Rioters Solidarily Liable
On June 8, 2018, the Supreme Court of Canada dismissed the appeal from a decision of the Court of Appeal of Quebec in an action instituted by Ville de Montréal against rioters who vandalized patrol cars ...
Canada
18 Jun 2018
18
A Practical Approach To The Legalization Of Recreational Cannabis For Insurers
As reported in our previous updates here and here and here, Canada has introduced legislation providing a framework for regulated access to legal cannabis for recreational use.
Canada
21 Feb 2018
19
Disclosure Of An Insured's Policies: The Quebec Court Of Appeal Reiterates Its Position
On January 29, the Quebec Court of Appeal handed down a judgment that will interest insurers and other actors in the insurance industry on the issue of disclosing insurance policies in the context of court proceedings.
Canada
12 Feb 2018
20
Bill 150: Significant Changes Made To Quebec's Insurance Industry
On October 31, 2017, Carlos Leitão, Quebec's Minister of Finance (Minister), tabled in the National Assembly Bill 150 (Bill) which aims to implement certain measures that had been announced in the Minister's budget speeches in March 2016 and 2017.
Canada
15 Nov 2017
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