Losses Paid

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Losses Paid

In insurance, legitimate claims that an insurer has paid to a policyholder.
References in periodicals archive ?
Last year, both months accounted for only 72,000 claims and $650 million in paid losses.
Paid losses and loss adjustment expenses is provided as supplemental information and is not intended to replace incurred losses and loss adjustment expenses.
Incurred environmental losses have grown more sharply at a little more than 15% per year since 2011, while paid losses changed little.
This indicates that insurance companies are experiencing a decrease in paid losses and retaining more profit.
Paid losses remained consistently high over the past 5 years, averaging over $3 billion a year for asbestos and just under $1 billion a year for environmental
Typically, insurers collect a small escrow loss-development fund to cover expected paid losses during the first month of operations.
The companies' gross written premiums (premiums collected in a given year) increased about 134 percent, while gross paid losses (what is paid out in claims) rose less than 10 percent.
Annual paid losses and incurred losses for the national medical malpractice insurance market began to rise in 1998.
7 million reported for the same period last year due to increases in the delinquency inventory and paid losses.
The paid losses to date coupled with the reserves, along with the reinsurers charging more while taking less of the overall pie--coupled with the $1.
Since the policyholder pays these add-ons, as well as the amount of the actual paid losses and reserves, the insurance company can profit more if a settlement is high.
14) However, total paid losses in a year for policies sold in the current and prior years (i.