An endorsement must be read with the policy as a whole. The Ontario Court of Appeal held that the ransomware endorsement governed the loss and its US$3 million retention applied.
Case card
Panasonic Canada Inc. v. XL Specialty Insurance Company, 2026 ONCA 633
Source reviewed · Court holding
Held. The Ontario Court of Appeal held that the ransomware endorsement governed the loss and its US$3 million retention applied.
Binder · The business behind your business
Reading about it is one thing. Managing your own insurance question is another.
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