the total performance of the insurer for all insured events
of one insurance year must not be more than twice the above-mentioned coverage.
Under the terms of a different policy, if the named insured acquires or creates another organization in which the named insured has an ownership interest of greater than 50 percent, the organization is covered for insured events
that take place after the date of acquisition or creation, but only if the named insured provided notice to the insurer no later than 60 days after the effective date of the acquisition or creation, along with any information the insurer should require.
Azad Javadov, head of ADIF, said, 'To date, ADIF has paid nearly AZN93 million to the three banks, where insured events
As a consequence, insured events
occurring between the end of the period of grace and the payment of the premium remain uncovered under the policy (Heiss, 2008).
Risk of inflated claims--With pressure on management to produce results in line with prior years' budgets--meaning before the financial crisis--losses caused by insured events
may create an opportunity to blame the performance of the organization completely on the insured event
K&R policies also cover a wide range of expenses related to the insured events
76 billion, had the catastrophe been found to have been two insured events
The most commonly insured events
are discrimination, sexual harassment and wrongful termination, and are the specified perils for most policies.
The total benefit for all insured events
of one insurance year must be at least twice the coverage.
11, 2001, arguing that they are obligated to recompense him for two insured events
, rather than one.
Bajaj Allianz will also cover increases in interest expenses caused by delays in any insured events