Fukushima: re/insurance coverage issues - IPBA 2012

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CAUSATION:BASIC PRINCIPLE• In order for a loss to fall withininsurance coverage, the loss must beproximately caused by an insured peril.• If the loss is caused by an excludedperil, there will be no coverage.3524036
CAUSATION:CONCURRENT CAUSES• Two or more causes that operate concurrently.• One cause is an insured event and the other anexcluded event.Interdependent: If neither cause would havecaused loss without the other, the excludedtakes priority and the insured cannot recover.Independent: If one event would havecaused loss without the other, the insured canrecover.3524037
Page 1 and 2: Fukushima:re/insurance coverage iss
Page 3 and 4: EXCLUSION 1:NUCLEAR CONTAMINATION
Page 5: EXCLUSION 3:FLOOD“Loss or damage
Page 9 and 10: AGGREGATION12108642Retention0One Oc
Page 11 and 12: AGGREGATION BY EVENTThe “Four Uni
Page 13 and 14: BUSINESS INTERRUPTION:OVERVIEW• A
Page 15 and 16: QUESTIONS?35240315

Fukushima: re/insurance coverage issues - IPBA 2012

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