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Record W203363839

Confusion About Causation in Insurance: Solutions for Catastrophic Losses

2009· article· en· W203363839 on OpenAlexaff
Erik S. Knutsen

Bibliographic record

VenueSSRN Electronic Journal · 2009
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicLaw, Economics, and Judicial Systems
Canadian institutionsQueen's University
Fundersnot available
KeywordsCausationContext (archaeology)TortActuarial scienceDamagesBusinessLaw and economicsInsurance policyEconomicsPolitical scienceLawLiability
DOInot available

Abstract

fetched live from OpenAlex

The current state of the law with respect to concurrent causation in insurance produces unpredictable results. The insurance system may not reliably function in the wake of a large scale multi-causal disaster - a hurricane, earthquake, or terrorist strike - that causes widespread losses to many policyholders at once. Courts, parties, and academics alike are challenged in evaluating a particular cause in a causal chain of events in the context of an insurance contract. To add to the complexity, insurers often attempt to contract around the rules, with inconsistent success. This article attempts to create a solution for solving concurrent causation disputes in insurance. Underpinning the proposed legal rules in this article are the important analytic and conceptual differences between causation in tort and causation in insurance. The article proposes the adoption of two distinct immutable legal rules for resolving concurrent causation insurance disputes. The choice of legal rule necessarily depends first on a sensible, predictable analysis of the various concurrent causes that brought about a potentially insured loss. Courts and parties need to be able to discuss the contractual relevance of various competing concurrent causes with reference to a contractual, not tort, context. The proposed analysis proceeds first by examining concurrent causes in a given loss scenario on two dimensions: the temporal and the sufficiency dimensions. Next, the analysis must also determine the involvement and necessity of each cause in the end result loss claimed by the insured. Finally, the analysis requires an examination of the sufficiency of the end result effect of the concurrent causes. The article proposes two immutable legal rules based on whether or not a concurrently caused loss results from separate, discrete causes or reciprocal, indivisible causes. These two rules are aimed to longitudinally incentivize insurers to draft more efficient contractual language dealing with concurrent causation.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.053
Threshold uncertainty score0.668

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.022
GPT teacher head0.228
Teacher spread0.206 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations2
Published2009
Admission routes1
Has abstractyes

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