Priestly V. Fowler
1837 British case that established that an employer was not responsible for injury to an employee if the injury was caused by another employee. Prior to this, English common law provided that an employer took responsibility for his employees; Priestly v. Fowler was the first crack in that relationship. Later, other exceptions to employer responsibility were established until finally the employee shouldered all responsibility for his own welfare because, it was argued, he or she had, after all, agreed to accept the job. Late in the 19th century in Great Britain, and early in the 20th century in the U.S., workers compensation laws were passed in which the employer accepts responsibility for on-the-job injuries and pays benefits according to an established schedule. In exchange, the employee accepts this as the exclusive remedy. However, in the past decade there have been many challenges to this system, including cases in which injured employees have been allowed to sue their employers.
Popular Insurance Terms
Payment made by a party causing harm to the party incurring that harm. ...
expenses and damages incurred as the result of damage to a ship and its cargo, and/or of taking direct action to prevent initial or further damage to the ship and its cargo. These expenses ...
Provision found in property and liability insurance policies that mandates that the insured notify the insurance company as soon as possible following the occurrence of a covered loss under ...
Act that provides new funding for the Bank Insurance Fund and enhances the safety and soundness of the financial system. The FDICIA includes the Foreign Bank Supervision Enhancement Act ...
Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old living room sofa will not be replaced at ...
a large number of homogeneous exposures (in order for the deviation of actual losses from expected losses to approach zero, and thecreditability of the prediction to approach one). loss ...
Same as term Maximum Foreseeable Loss: worst case scenario under which an estimate is made of the maximum dollar amount that can be lost if a catastrophe occurs such as a hurricane or ...
Number of bits a modem can receive or send per second. ...
In property and casualty insurance, contract section containing such information as name, description, and location of insured property; name and address of the insured; period a policy is ...

Have a question or comment?
We're here to help.