Knowledge Centre

The concept of replacement cost in 2017

October 2017 Stein Monast, Quebec

Although this seems to be a concept that is basically quite simple and well defined in the insurance industry, the courts of Quebec and Ontario have recently been called upon to rule on the concept of replacement cost. Accordingly, we are providing you with an overview of the decisions in Gestion Ignièce inc. c. Les Souscripteurs du Lloyd’s and Carter v. Intact Insurance Company.

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