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The course, “Progressive Losses” covers the fundamentals and intricacies of the issues, problems and solutions surrounding property damage that continues to develop or progress over time.
The course is designed to familiarize students with the important aspects of progressive loss claims from a homeowners insurance policy standpoint. The module is presented by Douglas K. Wood, Esq., Founding Partner of Rudloff Wood & Barrows LLP and a Martindale-Hubbell “AV- Preeminent” rated trial attorney.
Doug Wood begins by defining what is a progressive loss and outlining the typical issues in a progressive loss case. Next, he outlines the four key dates of the suit limitation condition, as found in typical homeowners insurance policies. He then goes through the four different court interpretations of the trigger date. He discusses the “manifestation of appreciable damage” trigger as the majority view, providing examples and analyzing coverage issues. He also defines statutory and equitable tolling, the doctrine of waiver/estoppel, and the causation issue. Finally, he describes the importance of the neglect exclusion.
After completing the course, the student should be able to outline the typical issues in a progressive loss case; identify which policy must respond to a loss that evolves over several years and policies; define the four court interpretations of trigger – injury in fact, manifestation of appreciable damage, policy language, and continuous trigger theory; use the applicable suit condition trigger for a continuing or progressive losses; define statutory tolling; note the impact of equitable tolling on the suit condition trigger; know when the suit limitation time starts running again; analyze coverage re subsequently manifested “new” damages flowing from an earlier manifested cause of a progressive loss; establish the predominant cause of loss versus contributing causes; describe the importance of avoiding waiver and estoppel; review the impact of the “neglect” exclusion on continuing or progressive losses.
The course is designed for practitioners and insurance professionals working in the area of first-party property insurance coverage and litigation.
What CE Credit is available?
Note: To qualify for credit, you must submit completion (including a passed final exam if required) within five days of completing the last quiz. No partial credits will be awarded.
State:
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Adjuster General CE Hours:
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Adjuster Ethics CE Hours:
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Attorney General CLE Hours:
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State's Course ID:
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NH | 2.0 | 482653 | ||
TX (classroom equivalent) | 2.0 | 102360 | ||
NC | 2.0 | C04633 | ||
FL * ( Provider Number: 364169 ) | 2.0 | 1189240 | ||
IL | 2.0 | 485548 | ||
WY | 2.0 | 35187 | ||
OK | 2.0 | 1024835 |
* This course has been approved by the Florida Department of Financial Services for insurance continuing education credit.
Course Content
At 87% you qualify for TX/NH credit or a PLRB/CPCU certificate. For the other states offered, you must complete a final exam. Submit within 5 days to get CE Credit or Certificate of Completion.