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Insurance Law - Property insurance - Exclusions

Thursday, October 06, 2016 @ 8:00 PM  

Appeal from a judgment of the Alberta Court of Appeal setting aside a decision granting Ledcor Construction Ltd.’s (Ledcor) action against Northbridge Indemnity Insurance Co. (Northbridge). The outcome of these appeals hinged on the interpretation of an exclusion clause in a common form of all-risk property insurance, variably referred to as “builders’ risk”, “contractors’ risk”, “all risks”, “multi-risk” or “course of construction” insurance. This type of insurance covered physical damage on a construction site. It was usually issued to the owner of the property under construction...