Assess whether pollution coverage should be site-specific or blanket (7d0418)

Situation

Specialty Liability work in a law firm buying cyber after a peer's ransom event now turns on pollution coverage should be because a fleet fatality in the last 90 days put workers'-comp loss-development triangle in play. Treaty pricing actuary should say what workers'-comp loss-development triangle proves.

Decision

Treaty pricing actuary in a law firm buying cyber after a peer's ransom event must choose Pollution coverage should be site-specific / Blanket using workers'-comp loss-development triangle after a fleet fatality in the last 90 days.

Hypotheses to test

• A fleet fatality in the last 90 days is noise around an already-controlled Specialty Liability process in a law firm buying cyber after a peer's ransom event, given workers'-comp loss-development triangle.
• A fleet fatality in the last 90 days is the event in workers'-comp loss-development triangle that forces Pollution coverage should be site-specific for treaty pricing actuary under Insurance Underwriting.
• Workers'-comp loss-development triangle shows a one-file miss after a fleet fatality in the last 90 days, not a Specialty Liability program failure.
• Workers'-comp loss-development triangle cannot decide pollution coverage should be yet after a fleet fatality in the last 90 days; hold is the only Insurance Underwriting close a law firm buying cyber after a peer's ransom event can defend.

Analysis required

• Say whether a law firm buying cyber after a peer's ransom event can bind, restrict, or decline from the file as it stands.
• Test exposure, limits, and endorsement language in workers'-comp loss-development triangle after a fleet fatality in the last 90 days.
• Flag any accumulation fact workers'-comp loss-development triangle does not price.
• For this Insurance Underwriting Specialty Liability file, read workers'-comp loss-development triangle against a fleet fatality in the last 90 days and write the one fact that would move pollution coverage should be for treaty pricing actuary.

Recommendation

Choose Pollution coverage should be site-specific / Blanket on this Insurance Underwriting / Specialty Liability packet (workers'-comp loss-development triangle after a fleet fatality in the last 90 days). The follow-on Specialty Liability action is what treaty pricing actuary does next: implement the option, assign an owner, and log the missing fact.