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lease

News InsuranceLegislation / Regulation

How ride-sharing insurance on leased vehicles will change in this province

May 13, 2019 by Greg Meckbach

Limiting financial risk to firms that lease out vehicles used for ride sharing is one aim of legislation before Ontario law makers. Right now, the Insurance Act has limits on lessors’ vicarious liability but it “does not account for the

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Commercial lease did not ‘expressly preserve’ right of landlord to pursue subrogated fire claim against tenant: Court

July 7, 2017 by Canadian Underwriter

The owner of a commercial building damaged by fire that started in a restaurant kitchen is precluded from pursuing a subrogated claim against the restaurant operator due to a clause in the lease requiring the landlord to buy fire insurance,

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Vehicle and equipment dealerships in Alberta authorized to sell gap insurance

June 12, 2017 by Canadian Underwriter

The Alberta Insurance Council (AIC) has announced that its General Insurance Council (GIC) has approved the issuance of a restricted certificate of authority authorizing both vehicle and equipment dealerships to sell gap insurance. Gap insurance is property insurance that covers

News InsuranceLegislation / RegulationMergers and Aqcuisitions

Manitoba amends regulations to allow auto dealers to offer guaranteed asset protection insurance

December 22, 2016 by Canadian Underwriter

Manitoba Finance announced on Thursday that it has amended regulations to allow provincial auto dealers to provide guaranteed asset protection (GAP) insurance. Finance Minister Cameron Friesen announced the changes, saying that they will provide “more insurance options and better protection

News InsuranceLegalMergers and Aqcuisitions

Renfrew, Ontario tenant with obligation to insure cannot sue landlord over fire: Appeal court

April 6, 2016 by Canadian Underwriter

The Court of Appeal for Ontario has ruled against a tenant who was obliged under its lease to obtain property insurance, and tried to sue its landlord after a fire destroyed a Renfrew, Ontario building. In a decision released Monday,