This commentary discusses the application of an occurrence under the ISO commercial crime policy, for the discovery and loss sustained forms.
June 12, 2023 at 08:33 AM
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Summary: This is the third part of previously issued articles on What Is An “Occurrence”? Even though the term “occurrence” is defined, disagreement over its meaning has led to conflicts between insurers and insureds; often resulting in litigation. This third part discusses the meaning of occurrence in crime policies, in the discovery form and the loss sustained forms.