Lang Michener Corporate Insurance Brief Fall 2009


In this issue of the Lang Michener Corporate Insurance Brief, James Musgrove, Frank Palmay, Daniel Edmondstone

and Hartley Lefton begin by outlining the

regulatory issues relevant to insurance mergers,

particularly in a consolidating marketplace. Then,

Frank Palmay discusses the clarifications and

amendments to the Insurance Companies Act that

are of particular interest to branches, including

those in run-off.

Hartley Lefton and Denno Chen provide an

update of The Joint Forum of Financial

Market Regulators’ five principal proposed

changes to the disclosure regime of mutual funds

and segregated funds, and outline the process

for implementing these proposed changes into

practice. Hartley and Bruce McKenna then explain

the importance of title insurance, particularly as it

relates to the current economic environment.

Finally, Hartley and Peter Wells discuss

the Supreme Court of Canada’s judgment that

clarifies the insurance policy exclusions for faulty

or improper design.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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