Canada: Insurance

The British Columbia Court of Appeal has established that filing an application for leave does not preserve third-party contribution and indemnity claims under the province's strict two-year limitation period. This ruling in Oldcastle Building Products Canada Inc. v Division 8 Consulting Corp clarifies that only filing the actual third-party notice stops the limitation clock, creating significant implications for how insurers must handle claims handling timelines and recovery strategies.

This July 2026 newsletter features insights on insurance audits in oral health, hospital medicine conference highlights, and the critical role of contemporaneous documentation in medical-legal matters. The issue also covers the Medico-Legal Society of Toronto's Potpourri Program and other developments at the intersection of healthcare and law.

Miss the deadline to file a third-party notice in British Columbia and you lose your right to recover damages from a party who contributed to the harm—no discretion, no second chance. Insurers who rely on contribution and indemnity claims to offset liability risk are making a critical but avoidable mistake through careful claims management.

Over the past decade, Jamaica has built a multi-layered financial protection system to manage natural disasters. This strategy is now being tested after Hurricane Melissa devastated the island, causing widespread destruction to homes, roads, and infrastructure.

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.

If your organization has been considering captive insurance lately, you’re part of a bigger trend. Even as parts of the insurance market begin to soften—with more competition and, in some lines...