A reinsurance doctrine that states the reinsurer must follow the underwriting fortunes of the reinsured. The reinsurer is bound by the claims handling decisions of the original insurer. This doctrine applies as long as there is not any fraud, collusion, or bad faith involved. This burden shifting allows the reinsured the freedom to make good faith claims decisions without having to worry about renegotiating with the reinsurer.
Related information about following the fortunes:
- Glossary of Reinsurance Terms - Guy Carpenter
Accordingly, some reinsurers avoid "following-the-fortunes" clauses in their agreements, while those in use are normally found in pro rata treaties where the ...
- Following The Fortunes: Definition from Answers.com
Following The Fortunes reinsurance clause that stipulates that the reinsurer will be subject to the same fate as the ceding company.
- following the fortunes - Insurance Glossary
following the fortunes - The clause in a reinsurance contract stating that it is the reinsurer's duty to 'follow the fortunes' of the insured as if the reinsurer were a ...
- What is following the fortunes? definition and meaning
Definition of following the fortunes: A reinsurance doctrine that states the reinsurer must follow the underwriting fortunes of the reinsured. The reinsurer is bound ...
- Even under “ Follow the fortunes”
reinsurer from following the fortunes or settlements of the cedent. Principle application. Application of utmost good faith extends to the entire reinsurance process ...
- Utmost Good Faith: Follow the Fortunes, The Theory and The Reality ...
Mar 26, 2008... to prove that their cedents' conduct fell short of the mark and to avoid following the fortunes of these decisions. As a practical matter, however, ...
- A new mum again | Life and style | The Guardian
A new mum again … at 48! 16 Oct 2010: Following the fortunes of our heroic mother of five. Next; 1; 2 · 3 · 4. 1-15 of 59 for A new mum again ...
- Peter Caproni: We Must Be Daft! Following The Fortunes Of Dundee ...
Nov 19, 2009 ... Peter Caproni's interview on his new book WE MUST BE DAFT! FOLLOWING THE FORTUNES OF DUNDEE FC.