trigger News

Oklahoma Insurance Dept.: Insurers Must Notify Policyholders of Triggering Events Upon Renewal

Oklahoma Insurance Commissioner Glen Mulready informed all property and casualty insurers authorized to do business in the state that upon renewal of an existing policy, each Oklahoma policyholder must receive notice stating any policy provision that has changed which eliminates …

Occurrence vs. Claims Made Coverage Forms

One of two coverage “trigger” forms is used to provide liability protection: the “occurrence form” or the “claims made” form. Generally, there is no difference in the breadth of protection provided by either form, the difference lies in what “triggers” …

Irene Losses Won’t Trigger Policy Payouts – CCRIF

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that, “while Hurricane Irene resulted in registered losses in six of its member countries (Anguilla, Antigua & Barbuda, the Bahamas, Haiti, St. Kitts & Nevis and the Turks & Caicos Islands), none …