Loss Run

Loss Run

Business losses (as opposed to profits) that extend over two or more periods. For example, losses over two consecutive quarters may be considered a loss run.
References in periodicals archive ?
Agents basically agreed that insurers should spend their development money on policy inquiry and loss run, but support for billing status and loss reporting varied by agency size.
They also could dispute it even if there was a loss run generated; they could claim it wasn't sufficient evidence that to their satisfaction.
Insureds also have access to loss run data information through Zurich U.
Coregis' site offers electronic claims reporting, loss run ordering and other service-enhancing features to agents, brokers and public-sector insurance customers.
a subsidiary of GE capital and a property/casualty coverage provider to public entities, has launched a Web site that offers electronic claims reporting and loss run ordering.
Specifically, Nexsure users are able to access selections of loss run and document retrieval information through this process.
Ohio Casualty has implemented billing, claims and loss run inquiry; company Web site access; first notice of loss submission; personal automobile quoting and issuance; homeowners quoting and issuance; business owner policy quoting; and workers compensation quoting.
Ohio Casualty Group was recognized for providing real-time transactions for billing and policy loss run inquiry and commercial lines BOP quoting.
A review of reserves in the loss run can result in reductions.
IntelliRisk[R] is an online system that provides secure and easy access to claims information and reporting, and generates monthly payment and standard loss run reports.
AIG Claim Services RMIS' Web-based IntelliRisk[R] e-Services include: First Notice of Loss, providing online claim submission and tracking; IntelliRisk NetSource[R], offering real-time claim analysis and ad hoc reporting capability, "profiling" potentially high-cost claims and "alerting" users of key claim events; IntelliRisk NetData[R], for electronic loss run distribution; an online Medical Provider Listing; and IntelliRisk Wireless[R], providing access to a wide range of claims information on Web-enabled mobile devices.