CASUALTY INSURANCE

Loss property

Section 174 defines casualty insurance by a process of elimination. Without the exclusion of the other
types of insurance, casualty insurance would apply to almost any kind of insurance.

(1) Accepting "casualty" to mean "accident" — that is, a violent mishap proceeding from an unknown or
unexpected cause — casualty insurance might be presumed to include any loss or damage when an
accident is the cause of the loss. (D.L. Bickelhaupt, op. cit., p. 71.) Thus, a casualty insurance policy
excludes losses arising from accident which are within the coverage of the other types of insurance
mentioned.

Damage

Accident Insurance

Health Insurance

Liability Insurance

8.  Accident Insurance - reimburses the insured for pecuniary loss suffered as a result of injuries
sustained in an accident

Health Insurance - reimburses the insured for pecuniary loss arising out of disease-related illness.

9. GENERAL RULE: Death or injury does NOT result from accident if it is the NATURAL RESULT of the
insured’s voluntary act, unaccompanied by anything unforeseen except the death or injury.

Two general divisions of casualty insurance.

They are as follows:

(1) Insurance against specified perils which may affect the person and / o r property of the insured such
as personal accident, robbery or theft, damage to or loss of motor vehicle, insolvency of debtors,
defalcation of employees, etc.; and

(2) Insurance against specified perils which may give rise to liability on the part of the insured for claims
for injuries to others or for damage to their property, such as workmen's compensation, motor vehicle
liability, professional liability, products liability, etc.

Liability

Casualty Insurance includes various unrelated insurance products, such as:

1. Aviation

2. Auto

3. Liability

4. WorkersCompensation

5. Surety Bonds