Claims-Made Insurance Policy: Definition, Function, and Coverage Options

Learn how claims-made insurance policies provide business coverage for late-filed claims, and compare them with occurrence policies to make informed decisions.
JD Supra

PA Superior Court Provides Clarification on Definition of CGL “Occurrence” When Property Damage Is Caused by Faulty Building Conditions

The standard for an “occurrence” under a commercial general liability (CGL) insurance policy has been addressed on several occasions by Pennsylvania courts when an insured has allegedly performed ...
JD Supra

A Recent “Event” in Wisconsin: Appellate Court Rules That a Commonly Used London Market “Occurrence” Definition Is Ambiguous

In recent years, Wisconsin generally has been a pro-policyholder jurisdiction when it comes to long-tail environmental coverage cases. That trend continues with a decision by a Wisconsin appellate ...
Law

Defining 'Occurrence' in Insurance Can Have Major Impact in Recovery

“Occurrence” in an insurance policy is a fickle word. Sometimes it means only one. Sometimes it means many. Moreover courts may treat the meaning of “occurrence” differently depending on whether it is ...