Tag Archives: aggregation

Aggregating Losses From the COVID-19 Crisis for Reinsurance Purposes

The question of whether hundreds or even thousands of COVID-19-related losses can be aggregated together as one “loss” or “occurrence” for reinsurance purposes is one that both ceding companies and reinsurers are pondering.  Expressly putting aside whether COVID-19-related business interruption losses are covered by underlying insurance policies (see our other blog posts), this post discusses … Continue Reading

The Unfortunate Event Test – Aggregating Incidents

Much has been written about the judicial inquiry into whether separate incidents may be aggregated as a single accident or occurrence under various formulations of accident or occurrence language in insurance policies. This issue has been litigated heavily in the asbestos context and in other latent and continuous injury settings. But sometimes looking at the issue … Continue Reading