Canada: Insurance Laws and Products

The Ontario Court of Appeal's decision in Panasonic Canada Inc. v. XL Specialty Insurance Company establishes that coverage analysis must focus on the true nature of the loss rather than the coverage provision an insured selects. When a ransomware endorsement contains specific language governing losses connected to cyber-extortion threats, that endorsement may control the claim even when the insured seeks recovery under different policy provisions and never paid a ransom.

Unexpected events such as wildfires, floods, equipment failures, or other disasters can force a business to close temporarily, leading to lost revenue and ongoing expenses. If you’re wondering whether business interruption insurance can help, the answer depends on the terms of your insurance policy and the circumstances of the loss.

In Panasonic Canada Inc. v. XL Specialty Insurance Company, 2026 ONCA 633 (September 9, 2026), the Ontario Court of Appeal reversed a lower court ruling and held that a ransomware sublimit endorsement, with its higher self-insured retention, applied to an insured’s cyber-incident claim, even though the insured had framed its claim exclusively under the base policy’s general coverage grants.

AI is the unstoppable force in our metaphor: it’s quickly becoming ubiquitous across all industries as its integration into business models continuously deepens. Representation and warranty insurance (RWI) is our unmoveable object: it’s a fixture of the M&A landscape that many M&A parties rely on to grease the wheels of their transactions and get deals done.

An Alberta court examines whether property insurers must replace all exterior siding when hail damages only portions of a home, but sun-bleached existing materials create permanent, visible color mismatches that affect property value. The decision clarifies when partial repairs fail to meet policy requirements for restoration with property of like kind and quality.

The Ontario Ministry of Finance (“MOF”) has released a consultation proposing significant amendments to the province’s licensing framework for Life and Health Managing General Agents (“L&H MGAs”). The consultation represents the latest stage in a regulatory initiative that began in 2024, when the Ontario government amended the Insurance Act (Ontario) (the “Act”) to establish a dedicated licensing regime for L&H MGAs in response to consumer protection concerns identified within the life and health insurance distribution channel.

Significant changes to auto insurance in Ontario are set to take effect on July 1, 2026, through reforms to the Statutory Accident Benefits Schedule (SABS).

Most people understand the basic idea of a contingency fee arrangement: if your personal injury case succeeds, your lawyer is paid from the settlement or judgment. If the case does not succeed, the lawyer absorbs...

Explore strategic approaches to procurement and professional liability insurance that can help organizations optimize their risk management practices. Learn how smarter decision-making in these areas can protect your business while improving operational efficiency.