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.