Insurance
Nov. 6, 2015
Mind the proper use of 'prior knowledge' exclusions
A cautionary tale about "prior knowledge" exclusions in insurance policies from a recent case. By Peter S. Selvin
Peter S. Selvin
Partner
Ervin, Cohen & Jessup LLP
Phone: (310) 281-6384
Email: steve@newsroompr.com
Chair of Insurance Coverage and Recovery Department
Liability insurance written on a claims made basis is designed to protect an insured against claims asserted following the policy's inception even if the acts giving rise to the claim took place prior to policy inception. But if prior to policy inception the insured was aware of facts or circumstances that could have reasonably led the insured to believe a subsequent claim would be asserted ...
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