Losses Outstanding

Losses Outstanding

In insurance, legitimate claims that an insurer has not paid to a policyholder.
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Specifically, in this case Chirchirillo took over a "deficiently structured program" end was able to deliver increased limits on extra expense, a concurrent signed and delivered policy form prior to inception, and an improved structure, all despite two losses outstanding, one within a month of binding.
21 Outstanding shares, quarter average (basic) 8,640,405 8,473,459 Outstanding shares, quarter average (diluted) 8,958,675 8,716,243 Pacific Continental Corporation Financial Data and Ratios (Amounts in $ Thousands, except for per share data) For Period End For Quarter End Balance Sheet 31-Dec-04 31-Dec-03 31-Dec-0431-Dec-03 Loans at period end $459,068 $356,077 Real estate secured loans at period end $339,272 $253,733 Commercial loans at period end $105,101 $86,900 Other loans at period end $14,695 $15,444 Allowance for losses outstanding loans at period end $5,224 $5,225 Allowance for outstanding commitments incl.
As part of the settlement, BIC agreed to reimburse American Safety Insurance for all paid losses outstanding as of December 31, 2002, and continue to make payments under reinsurance treaties in the ordinary course of business.