This appeal concerns whether Honda Canada Inc. is entitled to indemnity from Tokio Marine & Nichido Fire Insurance Ltd. for class counsel fees and settlement administration costs arising from the settlement of class actions related to defective air bag actuator components.
The court upheld the arbitration award requiring Tokio to indemnify Honda for class counsel fees under the umbrella liability policy, but not for settlement administration costs, which were found to be excluded as recall or product withdrawal expenses.
