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Tag Archives: opinion

“Claims Made” Versus “Occurrence” Based Insurance Policies

Posted in Insurance Coverage, Liability
Different insurance policies identify different events which trigger coverage. Two types of common insurance policies are "claims made" policies and "occurrence" policies. Under a "claims made" policy, coverage is triggered when, during the policy period, an insured becomes aware of and notifies the insurer of either claims against the insured or situations that might give … Continue Reading

Failure To Obtain A Legal Opinion Can Be Bad Faith

Posted in Bad Faith
Bad faith can result in Oklahoma from failing to obtain a legal opinion before denying coverage.  In Harrell v. Old American Ins. Co., 1991 OK CIV APP 91, 829 P.2d 75, a claims examiner failed to seek legal advice regarding a coverage question before denying payment.  The Oklahoma Court of Appeals said it was reasonable to … Continue Reading

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