Anti-concurrent causation clauses specify that a loss is not covered when it was the result of more than one peril and at least one of the perils is subject to a policy exclusion. Such clauses were widely adopted by insurers following adverse court decisions that resulted in insurers providing coverage that was never intended to be provided by the relevant policy language.
The use of such provisions has come under legislative and regulatory scrutiny, particularly in claims disputes after some extreme weather events. These disputes often draw outsized attention from media and elected officials, even as the overwhelming majority of claims are paid without issue.
Anti-concurrent clauses have been validated and enforced by most courts as an appropriate way for insurers to ensure that policies provide coverage for only those losses they are meant to cover. For insurers, they provide a means of enhancing predictability and managing exposure, allowing for greater financial stability and solvency.
June 27, 2019 NAMIC provided written comments June 25 in response to a recent ordinance that creates a “crash tax” in Albuquerque. While this ordinance goes into effect on July 1, NAMIC hopes its comments will serve as... Read more
March 14, 2019 NAMIC-opposed HB 1169, which pertains to reimbursements for certain clean-up or removal actions by fire protection jurisdictions and municipal fires departments, has passed out of... Read more
January 14, 2019 NAMIC is in the process of applying for membership on the Department of Transportation’s Air Ambulance and Patient Billing Advisory Committee... Read more
February 20, 2018 NAMIC is pleased to announce that House Bill 2460, Related to Incidents Requiring a Municipal Fire Department Response, is dead for the session. The bill never made it out of its first committee... Read more
January 4, 2018 The South Carolina Department of Insurance is reminding property/casualty insurers that the final report of the data call regarding Hurricane Irma claims is due Jan. 8, 2018, and... Read more