Categorized | Property

Draft federal P&C insurer demutualization regulations issued

Draft federal P&C insurer demutualization regulations issued
On February 28, 2015, the Department of Finance issued draft regulations under the Insurance Companies Act (Canada) providing the process to enable federally regulated mutual property and casualty insurance companies (Mutual P&Cs) to demutualize …
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Co-operators General Insurance Co. v. Wawanesa Mutual Insurance Co.
The insured argued that once the allegedly defective installation took place, the property was damaged. The insured relied on Alie v. Bertrand & Frére Construction Co., [2002] O.J. No. 4697 and Meridian Construction Inc. v. Royal & Sun Alliance …
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Federal demutualization regulations now in effect, Economical Insurance to
Canada's Department of Finance has issued the long-awaited final rules governing federally regulated mutual property and casualty insurance companies, a move welcomed by Economical Insurance, which has been readying its business for the demutalization …
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