Written by Jennifer Beresford.
The Ontario Court of Appeal released its reasons in Xu v. Mitsui Sumitomo Insurance Company Limited yesterday. Upholding Justice McEwan’s decision, the Court agreed that s. 267.12 of the Insurance Act is clear. The liability of a lessor and its insurer is limited to a maximum of $1 million. In so finding, the Court adopted Justice McEwan’s Reasons.
