Triple trigger theory

{
  "id": "MLC-T-INS-003378",
  "term": "Triple trigger theory",
  "field": "Insurance and risk management",
  "definition": "A legal doctrine in insurance that holds all liability policies in effect from the initial exposure to a harmful substance through the manifestation of an injury responsible for coverage. This theory applies to long-tail claims, such as asbestos or environmental pollution, where the damage occurs over many years. It aims to maximize coverage for the insured by activating multiple policies.",
  "url": "https://mlchart.com/terminology/insurance/triple-trigger-theory/"
}