Losses Outstanding

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Losses Outstanding

In insurance, legitimate claims that an insurer has not paid to a policyholder.
References in periodicals archive ?
Judge Martin Beddoe condemned Levene's "rank dishonesty" and added: "The outstanding losses of PS100 million speak for themselves.
By pursuing collateral reviews and scrutinizing outstanding losses, we cut $13 million in LOC obligations and saved another significant sum of money in bank fees associated with maintaining them.
The module delivers a full range of reports, including detailed loss records for reinsurance, loss management reports that provide monthly online paid and/or outstanding losses, and special additional claims reports.
According to the indictment, Kubota and the others submitted to the Finance Ministry's regional bureau a false financial statement for the fiscal year ended in March 1998 by posting outstanding losses 159.
Pridiyathorn said the bonds will help resolve outstanding losses of more than 1.
The insured client will sell their outstanding losses to the carrier.
The award dismisses MPCL's claim for rescission of the Disputed Contracts and calls for MPCL to pay Montpelier Re the outstanding losses on the Disputed Contracts plus accrued interest through the date payment is made.
Reserve for outstanding losses $102,501,658 $103,151,517
Outhwaite for reinsuring accounts that were far removed from the potential source of claims (in other words, for acting as a retrocessionaire) because in such a relationship "you were too far removed from the risks to make any kind of meaningful assessment of outstanding losses and loss reserves.
Alea has in place several stop-loss protections acquired against adverse development from prior and current underwriting years, and reinsurance recoverables in respect of outstanding losses represented 29.
This is understandable, particularly if the insurance company is adequately protected under a high loss conversion factor and has no reason to establish adequate reserves on outstanding losses.
Assets: Invested assets $145,388,420 $121,656,850 Other assets 19,790,389 45,439,278 Assets held for participating shareholder 2,800,397 2,875,000 Total assets $167,979,206 $169,971,128 Liabilities and shareholders' equity: Reserve for outstanding losses $118,061,068 $125,191,823 Reinsurance balances payable 945,806 1,505,159 Corporate debt 31,350,000 30,000,000 Other liabilities 5,040,480 2,388,452 Liabilities related to participating shareholder 2,800,397 2,875,000 Total liabilities 158,197,751 161,960,434 Shareholders' equity 9,781,455 8,010,694 Total liabilities and shareholders' equity $167,979,206 $169,971,128 Diluted book value per share of common stock $(0.
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