Taschina Ashmeade

As climate change increasingly impacts the global economy, regulators are placing greater emphasis on how financial institutions manage and disclose climate-related risks. The Autorité des marchés financiers (AMF) published its guideline on Climate Risk Management in July 2024 (Guideline). The AMF recently proposed certain revisions to the Guideline in a draft released for public consultation in March 2025 (Draft Guideline).

On February 2, 2024, the Ontario Court of Appeal released its decision in the case Gagne v. Ivari1. The decision overturned a motion judge's ruling, which asserted that insurers are never obligated to assess an insured individual's needs regarding the appropriateness of an insurance product. The key points of the judgment, starting with the initial decision from the Ontario Superior Court and continuing with the Ontario Court of Appeal's determination, are outlined below.

Introduction On February 2, 2024, the Ontario Court of Appeal released its decision in the case Gagne v. Ivari[1]. The decision overturned a motion judge’s ruling, which asserted that insurers are never obligated to assess an insured individual’s needs regarding the appropriateness of an insurance product. The key points of the judgment, starting with the initial decision from the Ontario Superior Court and continuing with the Ontario Court of Appeal’s determination, are outlined below.