The “Fortuity” and “Known Loss Doctrines” of Insurance Coverage – Are You Covered?
By EsqSocial Corporation 29/06/21
The concept of risk is central to insurance. Insurance coverage is premised on the exchange of risk and the possibility that an unintended or unexpected event will occur. Accordingly, it seems only logical that insurance carriers are not keen on providing coverage for a loss that is very likely to occur or has already occurred when an insured purchases a liability policy. To that end, courts have developed two common law defenses, often used interchangeably, known as the “fortuity” and “known...
By: Pessin Katz Law, P.A.