Industry Settlement Tables
Working with our member companies and legal counsel to resolve cases earlier and at a lower cost.
Helping to find mutually agreeable resolutions
Our member companies are once again hosting virtual Industry Settlement Tables to provide an opportunity for discussion and potential settlement of cases currently pending in Ontario's courts.
How Settlement Tables Work
Between April 17th and April 28th, 2023, insurers hosted voluntary virtual meetings with plaintiff counsel involved in cases that have a potential for resolution. Industry Settlement Tables provide an opportunity to negotiate a mutually agreed upon settlement to avoid the risk, cost and time associated with the court process.
For more information, please contact Gillian Fahy at GFahy@ibc.ca.
193
Private P&C insurers actively competing in Canada
$3.1B
In insured damages in 2022 – making it the 3rd worst year for insured losses in Canadian history
$37.8B
Paid out in claims by Canadian P&C insurers in 2021
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