Occurrence vs Claims-Made Medical Professional Liability Insurance PoliciesDECISIONS regarding medical professional liability insurance, also known as malpractice insurance, require an understanding of the fundamental differences between the two types of insurance coverage available to physicians. In addition to...
Virtually all liability policies fall into one of two categories: occurrence or claims-made. An occurrence policy covers claims resulting from an injury or another event that occurs during the policy term. Coverage depends on the timing of the event. A claims-made policy covers claims that are ...
INSURANCE policiesPOLICYHOLDERSCLAIMS-made policiesRISKThe article focuses on a theoretical approach related to claiming of insurance liability and its occurrence based policies. It then discusses occurrence based contracts for policyholders, claims-made contracts and the difference between these contr...
The two approaches are known as “claims-made and reported” (“claims made”) and “occurrence.” A review of your present liability insurance program will reveal both claims made and occurrence policy forms as part of your risk management program. For example, your business package policy may...
It outlines the characteristics and coverage of the occurrence liability policy where covered event must take place during the policy term and the claims-made policy where retroactive date is a negotiable term. It also notes the minimum standards for the claims-made policies and the insurance ...
Claims-Made vs. Occurrence Nearly all liability policies fall into one of two categories: claims-made oroccurrence. A claim made while the policy is in force triggers coverage for a claims-made policy. The insurance company is obligated to defend the policyholder and pay for the claims. The ...
a2.59. The insurance required by this Agreement shall be written for not less than limits of liability specified in the Contract Documents or required by law, whichever coverage is greater. Coverages, whether written on an occurrence or claims-made basis, shall be maintained without interruption ...
(Or, actually, wind vs. water.)See generally John K. DiMugno, Stephen Plitt, and Dennis J. Wall, "Catastrophe Claims: Insurance Coverage for Natural and Man-Made Disasters" (Thomson Reuters West, 2014 Supplements in process), and see in particular Dennis J. Wall, , "Overview of the ...
Our first step in a property damage case is to thoroughly review all of the facts, hire our own experts, and work with you to determine what decision your insurance company should have made. Moreover, we make sure you understand how that decision was reached. Following an evaluation of how...
The effect of activity selection on treatment delay was investigated from two perspectives: activity-specific effects were measured using linear regression, and patterns of activity co-occurrence were identified using K means clustering. Results Ninety patients were included, with a median symptom-to-...