In a case of first impression, a Superior Court panel ruled that a claims-made insurance policy is equivalent to an occurrence policy once an insurer becomes insolvent.
In Universal Health Services Inc. v. Pennsylvania Property and Casualty Insurance Guaranty Association, PICS Case No. 05-1559 (Pa. Super. Sept. 26, 2005) Todd, J. (21 pages), Judge Debra M. Todd ruled that the guaranty association must accept claims made to a claims-made policy under a reporting tail even if the claim was made 30 days after an insurer’s insolvency.
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