Summary
Up until 10 or 15 years ago, chances were remote that a household would be sued for libel, slander, invasion of privacy, or some other offense. In the Internet age, however, the potential for personal injury claims has increased substantially. As a result of this communications revolution, households and personal lines insurers are seeing personal injury suits filed by individuals who have been ridiculed in electronic communications or had embarrassing information or photos of themselves posted online. The American Association of Insurance Services (AAIS) has responded to the transformation in personal injury exposure by introducing new policy language for personal injury coverage. AAIS has modified the "How Much We Pay" provision in its revised Homeowners Personal Injury endorsement to protect carriers from potentially having to pay policy limits multiple times for offenses to the same person or organization.
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Extract
Personal Injury
Are your homeowners clients concerned about their exposure to personal injury claims? They should be, especially if they have adolescent children.
Up until 10 or 15 years ago, chances were remote that a household would be sued for libel, slander, invasion of privacy, or some other offense. Unless t...See the full content of this document
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