Property vs. Casualty Insurance

by Guest » Sat Jan 05, 2013 10:42 am
Guest

Can someone define the difference between property and casualty insurance?

Total Comments: 2

Posted: Sat Jan 05, 2013 02:43 pm Post Subject:

Property should be obvious. Casualty is injury.

Posted: Mon Jan 07, 2013 06:26 pm Post Subject:

Casualty insurance is often referred to as LIABILITY insurance. It covers a wide variety of "injuries" to persons due to negligence. Injuries do not have to be physical, they can be things like libel and slander or other forms of defamation, such as advertising that misrepresents or is intended to harm a competitor's business. Not all such injuries are covered by insurance, particularly if they were caused intentionally.

The recent publication of the names and addresses of some 34,000 gun owners in two counties in New York State by a newspaper are likely to result in a number of "invasion of privacy" casualty claims against the newspaper, even though the information revealed is "publicly available". The newspaper was, in my opinion, not justified in publishing the information in the manner they chose, and it could cost them big bucks in court. As an intentional act, this will probably not be covered by insurance.

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