How to read policy’s SIR endorsement: Short lesson from federal court

The policy interpretation from a federal district court in California applies to four underlying actions.

By Steven A. Meyerowitz, Esq., Director, FC&S Legal | August 20, 2015 at 07:50 AM

A federal district court in California, in a case pitting one insurance company against another, has issued a decision explaining how to read a policy's self-insured retention (SIR) endorsement.

The interpretation was necessary to determine whether the SIR had been met as to any claims in four underlying actions so as to trigger a duty to defend the entirety of any of the underlying actions.

The provision

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
Educational webcasts, resources from industry leaders, and informative newsletters.
Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

NOT FOR REPRINT

Commercial Lines

Corporate Risk

1 Five-star workplaces for new insurance pros

2 Real-life claims scenarios renters insurance covers

3 Allstate will insure California homes again, under one condition

4 Reinventing GL and BOP Programs: How Proper Risk Classification Can Boost Your Bottom Line

5 States with the least safe young drivers

Consulting
Consulting Leaders in Technology 2024
May 16, 2024 - Dallas

Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
More Information
Consulting
Consulting Top Consultants 2024
June 27, 2024 - New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
More Information
Real Estate
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - Lake Tahoe

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information

Senators blast UnitedHealth CEO for lackluster cybersecurity, monopoly

By Ashley Hattle-Cleminshaw | May 03, 2024

Legacy technology at Change Healthcare was missing multifactor authentication, giving cybercriminals an easy way in.

Senators blast UnitedHealth CEO for lackluster cybersecurity, monopoly

'Goldilocks principle' underpins long-term value from carrier M&A deals

By Steve Hallo | May 03, 2024

The biggest and smallest deals fail to garner the type of long-term success found in midsize, 'just right' transactions, ACORD reports.

'Goldilocks principle' underpins long-term value from carrier M&A deals

Runaway verdicts poised to rise, but some states are successfully fighting back

By Michael A. Mora | May 03, 2024

The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.

Runaway verdicts poised to rise, but some states are successfully fighting back

Commercial Property Preparedness: Bracing for Changing Risks link

eBook

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Debug Screen: mobile

        {
  "message": "Show a wall",
  "action": "show wall",
  "data": "WelcomeWall",
  "placResultsPublic": {
    "overallContentType": "FreeWithRegContent",
    "userState": "DENYFREEWREGNOTLOGGEDIN",
    "showWall": "WelcomeWall",
    "userAccess": "0",
    "referrer": "http://www.propertycasualty360.com/2015/08/20/how-to-read-policys-sir-endorsement-short-lesson-from-federal-court/",
    "userAccessCookie": null,
    "productList": "",
    "contentMetaData": "<?xml version='1.0' encoding='UTF-8'?><ARTICLE><TYPE>ARTICLE</TYPE><ID>/2015/08/20/how-to-read-policys-sir-endorsement-short-lesson-from-federal-court/</ID><SOURCE>Property Casualty 360</SOURCE><PUBLICATION-DATE>2015-08-20</PUBLICATION-DATE><PUBLICATION-NAMES><PUBLICATION-NAME>Property Casualty 360</PUBLICATION-NAME></PUBLICATION-NAMES><PRACTICE-AREAS /><CHANNELSECTIONS><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Agent &amp; Broker</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL>Agent &amp; Broker</CHANNEL></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Agent &amp; Broker</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Commercial Lines</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Commercial Lines</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Commercial Lines</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Commercial Lines</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Corporate Risk</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>Coverage &amp; Policy Issues</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL>Kicker</CHANNEL></CHANNELSECTION><CHANNELSECTION><CHANNEL>Markets</CHANNEL></CHANNELSECTION><CHANNELSECTION><CHANNEL></CHANNEL><SECTION>News</SECTION></CHANNELSECTION><CHANNELSECTION><CHANNEL>Risk Management</CHANNEL></CHANNELSECTION></CHANNELSECTIONS><REFERRER>http://www.propertycasualty360.com/2015/08/20/how-to-read-policys-sir-endorsement-short-lesson-from-federal-court/</REFERRER></ARTICLE>",
    "decisionEngine": "RidgeRunner",
    "rulesFiredString": "[]",
    "contentProductCodes": "[\"regonlypubcontent\"]"
  }
}

Instant Insights /

How to read policy’s SIR endorsement: Short lesson from federal court

Want to continue reading?Become a Free PropertyCasualty360 Digital Reader

Dig Deeper

Trending Stories