Concurrent Causation

Concurrent Causation
An insurance theory stating that if loss or damages occur as a result of more than one cause, one of which is covered (insured) while the other is not, the damages are likely to still be compensated for by the insurer.

This theory has been a frequent source of debate and reinterpretation in courts across the U.S. and Canada; insurers have tried to insert concurrent causation clauses into contracts (especially in property/casualty insurance) to protect against certain perils even if they are involved in concurrent causation.

The interpretation of concurrent causation seems to be revisited whenever there is a major disaster, such as with Hurricane Katrina. Insurance policies often had provisions preventing payouts in the event of flooding, but there was protection against faulty levees and city maintenance of them.

California has also been the source of much court precedent in this matter, as the state has more than its fair share of mudslides, earthquakes, wildfires and other natural disasters.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • cause — 1 n 1: something that brings about an effect or result the negligent act which was the cause of the plaintiff s injury ◇ The cause of an injury must be proven in both tort and criminal cases. actual cause: cause in fact in this entry but–for… …   Law dictionary

  • Proximate cause — For the notion of proximate cause in other disciplines, see Proximate and ultimate causation. For causation in English law, see Causation in English law …   Wikipedia

  • Enlightenment (The Scottish) — The Scottish Enlightenment M.A.Stewart INTRODUCTION The term ‘Scottish Enlightenment’ is used to characterize a hundred years of intellectual and cultural endeavour that started around the second decade of the eighteenth century. Our knowledge of …   History of philosophy

  • Life Sciences — ▪ 2009 Introduction Zoology       In 2008 several zoological studies provided new insights into how species life history traits (such as the timing of reproduction or the length of life of adult individuals) are derived in part as responses to… …   Universalium

  • List of philosophy topics (A-C) — 110th century philosophy 11th century philosophy 12th century philosophy 13th century philosophy 14th century philosophy 15th century philosophy 16th century philosophy 17th century philosophy 18th century philosophy 19th century philosophy220th… …   Wikipedia

  • Minority stress — describes chronically high levels of stress faced by members of stigmatized minority groups.[1] It may be caused by a number of factors, including poor social support and low socioeconomic status, but the most well understood causes of minority… …   Wikipedia

  • Multiple baseline design — A multiple baseline design is a style of research involving the careful measurement of multiple persons, traits or settings both before and after a treatment. This design is used in medical, psychological and biological research to name a few… …   Wikipedia

  • animal behaviour — Introduction       any activity of an intact organism.       A living animal behaves constantly in order to survive, and all animals must solve the same basic problems. They must, for instance, periodically replace their energy source (consume… …   Universalium

  • Changes clause — A changes clause, in government contracting, is a required clause in government construction contracts. Contents 1 Background 2 Changes clauses for construction contracts in the Federal Acquisition Regulations 3 Purposes …   Wikipedia

  • South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”