The appellant, Goodyear Canada Inc., appealed a motion judge's decision declining to adopt the American 'Stonewall Principle' into Ontario law.
Goodyear sought to hold its insurers liable for asbestos-related injuries occurring after 1985, when it could no longer obtain liability insurance for such risks.
The Court of Appeal dismissed the appeal, finding that the insurance policies unambiguously limited coverage to occurrences during the policy periods.
The Court held that adopting the Stonewall Principle would unfairly shift the risks of Goodyear's business decisions to the insurers, contrary to the express terms of the policies and public policy.