Canada: Insurance

The news that a Toronto shelter was facing $250,000 in damages after heavy rain—and that their insurance provider would likely not cover the cost—is a nightmare scenario for any property owner.

On October 7, 2025, the Justice Schabas of the Ontario Superior Court of Justice released the long-awaited decision in Avedian et al v Enbridge Gas Distribution Inc., a case that spanned nearly 13 years and arose from a 2010 explosion in the laundry room of a high-rise apartment building...

Homeowners across Ontario are feeling the financial strain as home insurance premiums continue their steady climb. Recent data illustrates this trend, revealing that the average cost of home insurance in the province has surged, significantly outpacing the general rate of inflation.

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...