Insurance Disputes
Page 339
12
AFTER-THE-EVENT INSURANCE
1. COMPARISON WITH BEFORE-THE-EVENT INSURANCE
12.1
After-the-event insurance is a misnomer as the event being insured is the outcome of the litigation and that is a future event and not a past event. However, the term is in common usage amongst the legal profession and in courts and is used to distinguish after-the-event insurance (ATE) from before-the-event insurance (BTE).