Our whole sample period covers 1990:Q1 to 2014:Q4, with the conventional monetary policy period
spanning 1990:Q1 to 2008:Q4, and the unconventional monetary policy period
spanning 2009:Q1 to 2014:Q4.
Most pollution liability policies are claims-made, meaning that the claim has to be made against the insured during the policy period
Such a provision states that if the insured becomes aware of a problem, or potential problem, for the first time during the policy period
, then any claim that ultimately arises in connection with that problem--regardless of when it actually is made--will be treated as though it were made during the policy period
in which notice of the potential claim was provided to the insurer.
The insured should try to amend policy language stating that immediate or prompt notice of a claim during the policy period
must be provided.
economy and breathing room in family budgets becoming scarcer, some drivers might be considering the option of forgoing auto insurance coverage once their current policy periods
Diligent then tenders the claim to Lucky Pro, which denies coverage because the claim was made and reported after Lucky Pro's policy expired, and because Diligent never reported the potential claim during the policy period
MEP had a "claims made" professional liability insurance policy with Intermed that provided coverage for "claims made" during the policy period
of January 1, 2002, through January 1, 2004.
Coverage is provided only for otherwise covered Claims: (1) Which are first made against an Insured during the policy Period
, and (2) Which result from a Wrongful Act occurring during the Policy Period
, and (2) Which result from a Wrongthl Act occurring during the Policy Period
, and (3) For which written notice is given to the Insurer during the Policy Period
A loss sustained policy, the older type, requires the loss to occur and be discovered during the policy period
, which is typically one year.
In other words, regardless of the number of: (a) contracts that the named insured enters, (b) additional insureds which may have rights under the policy, and (c) losses that may be experienced, the insurance company has contracted to provide one aggregate limit that will be available during the policy period
to all parties.
D & O policies are claims-made policies, meaning that generally they cover only claims made against the insureds during the policy period
The results are summarized by species and policy period
in Tables 1 and 2.
The policy specifies the named insured, the policy period
, the coverage limits, the peril insured against, the premium, the weather reporting station and the trigger of coverage.
The general aggregate limit is the most the insurance company will pay for liability for all injuries or damages arising out of all occurrences in any policy period
, typically twelve months.
Dart's proof consisted of testimony by the broker involved in procuring the policy as well as evidence that the insurer had defended and paid settlements in connection with two separate product liability claims brought against Rexall during the 1950s based on injuries alleged to have occurred during the 1946-1951 policy period