On September 15, 2016, the Supreme Court of Canada released its highly anticipated decision in Ledcor Construction Ltd. v. Northbridge Indemnity Insurance Co., 2016 SCC 37 (CanLII), ruling on (a) the standard of review on appeals relating to boilerplate contracts, (b) the principles of insurance policy interpretation, and (c) the scope of the faulty-workmanship exclusion in a builder’s risk policy. This decision is critically important to insurers who underwrite property and construction-related risks in Canada.

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