Canada: Insurance

Earlier this year, in the case Cadieux v. Cadieux (2024), 172 O.R. (3d) 385 (ONSC), the Superior Court of Justice examined the circumstances under which the non-settling defendant might be able to undo a Pierringer Agreement.

The Plaintiff was injured at a cycling GrandFondo in Ottawa in 2018, when she attempted (unsuccessfully) to ride over some railroad tracks that crossed one of the roads on the route. She was injured as a result, and sued the organizer of the event damages

A costs decision recently handed down by The Honourable Madam Justice Hooper in a recent case involving the Ministry of Transportation contains an important reminder for those who choose to commence third party claims against other tortfeasors.

The remaining Phase of OSFI's review of reinsurance contemplates possible changes to the MCT and LICAT capital guidelines, though no firm dates or timing for such changes have been released to date.

The Ontario Superior Court of Justice (Commercial List) recently released a decision regarding a "follow the settlements" clause in a reinsurance agreement.

On December 14, 2023, the Office of the Superintendent of Financial Institutions (Canada) (OSFI) published adjustments and clarifications to the 2024 Minimum Capital Test...