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Press Releases - D&O
October 23, 2007
COVERAGE DEVELOPMENTS: SHAVING OF LIMITS – EXHAUSTION OF
UNDERLYING INSURANCE. PDF
Necessary Amendment to Excess Policies
Based on panel discussions with a multitude of insurance carriers, it is now mandatory on all accounts that have layered limits (excess layers of liability coverage) to include a “Shaved Limits Endorsement” in order to ensure consistency in coverage.
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