Losses Paid

(redirected from Loss Paid)

Losses Paid

In insurance, legitimate claims that an insurer has paid to a policyholder.
References in periodicals archive ?
As state-run banks lead restructuring, taxpayers came to shoulder a bigger burden, while those responsible for the loss paid no price.
In case, however, if the Policy is cancelled by the Insureds when a Loss has already taken place, then the Premium to be retained by the Insurers shall be the Pro-rata Proportion of the Premium since the Date of Loss till Expiry of the Policy-period, which would be based on the amount of any Loss paid to the Insureds or on the basis of the Provisional-premium which-ever would be the greater.
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.
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.
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.
The payout is pegged to the amount paid by the primary property insurance policy and is specified as a percentage of the loss paid by a policy.
This dissenting opinion clearly highlights the dilemma that occurs when the cause of a loss, not the specific covered loss paid for by a particular insurance policy, is also the cause for changing economic conditions after the loss.
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.
This policy pays out an additional percentage of the loss paid by the insured's property policy--providing money that can be flexibly applied by the insured to mitigate collateral damages and other financial losses that are not fully satisfied by the original property claim payment.
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.