Insurance 101 – Chapter 14 – Volume 25 – Unknown Claims

Unknown Claims

The possibility of unknown claims is a concern in the product liability area where something deleterious is in the stream of commerce. Notwithstanding a recall effort, some of the product may still be in the hands of consumers with potential for causing injury; injury may or may not occur in the future. Unknown claims can also arise in property damage situations with long statutes of limitation where observable injury may not even result until many years after the tort, such as asbestos injury, DES daughters, and other injuries with long gestation periods.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

Legal Disclaimer

The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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