The long tail problem is present in several types of legal liability coverage because:

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The long tail problem refers to the delay between the occurrence of an injury and the payment of the resulting claim. This is particularly problematic for liability coverage, as lawsuits may not be filed until years after the injury occurred, and insurers must be prepared to pay out these claims even if they are issued long after the end of the policy period.

The Long Tail Problem Is Present in Several Types of Legal