Losses Paid

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Losses Paid

In insurance, legitimate claims that an insurer has paid to a policyholder.
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For states without a no pay, no play law in effect, IRC says it developed a mathematical model to estimate the compensation for noneconomic loss paid to uninsured third-party liability claimants in a given year.
Across all of the 39 states studied using 2007 data, the average noneconomic loss paid to uninsured claimants per state was $17.
Or the possibility that under business income, proper coverage may require 125 percent coinsurance (unless the insured wants to estimate a shorter period of restoration, in which case getting 100 percent of the loss paid may require only 50 percent coinsurance).
This amplification is exacerbated by the fact that, while the Cat Fund pays a flat 5 percent of reimbursable losses as LAE (that is, 5 percent of the loss paid by the Cat Fund), actual LAE accumulates on all losses, including those retained by the insurer.
In the event of a loss paid, the insurers will receive the securities as salvage.
Transurance is a new insurance product that pays out a percentage of the loss paid by a referenced primary insurance policy, providing money that insureds can use as they please.
In practical terms, the effect of this statutory provision is that an insurance company can exercise its right of subrogation even where the amount of the loss paid for by the insurance company is less than the amount of the loss assumed by the insured through its deductible.
Mathematical Expression Omitted~ = the loss paid on policy i in quarters q and q-1 for losses that occurred in quarter q-1, and
The Arch Maximizer Policy provides supplemental property insurance payouts based on a fixed percentage of an insured's loss paid under the insured's original property insurance policy.
29, of the Montana Constitution states that the State may not take or damage private property for public use without just compensation to the full extent of the loss paid to the owner.
2 million loss recovery in the other segment on a loss paid prior to our IPO.
Buyers simply specify an amount of Transurance coverage as a percentage of the loss paid by their property insurance policy.