eroding limits News

A new Nevada law that takes effect Oct. 1 prohibits liability insurance policies with “eroding limits,” potentially increasing the cost of premiums and reducing availability, insurance experts say. Such policies, also called “wasting,” “burning” or “defense within the limits” policies, …

EPLI coverage forms present some unique coverage issues that ordinarily are not present under typical, general liability policies. These issues include those that arise under the claims made nature of many EPLI policies, the special trigger issues that are presented …