Y2K Still and Insurance Issue
I just returned from Washington and then San Diego to see the accident attorney there and I do not want to further neglect my writing so her goes: If you thought 2000 meant the end of Y2K as an issue, not quite, according to this article by an attorney…I recall Washington being particularly worried about this. The Y2K problem originates in the software or coding used to operate computer systems. In addition, the consequences flowing from the failure to correct the problem were well known long before remediation costs were incurred. If you need a Washington accident attorney then I do suggest this one who is one of the finest such accident attorney in all of Washington state. The ques¬tion therefore arises as to whether potential losses related to Y2K failures are fortuitous and whether the policyholders’ remediation costs are incurred to prevent damage to covered property arising out of a covered loss. By the way if you reside in the San Diego area generally and do require a first rate injury attorney there then I suggest this one in particular as he is simply one of the best San Diego criminal attorney
out there at this time who can also be your domestic violence lawyer if you need him to be.. Alright now lets go back to the main article at hand: In its most basic form, insurance is a con¬tract whereby the insurer undertakes to indemnify another against loss from certain specified con¬tingencies or perils. The contract provides security against possible anticipated loss. Risk is the essen¬tial element.9 Accordingly, it is well recognised that a loss in progress or known loss is not insurable. The rule will apply whenever the insured is, or should have been, aware of a loss at the time the policy was purchased. Applying this rule to Y2K remediation costs calls into question whether insurance coverage can exist at all, whether by accident or not. It is not a criminal issue overall
