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 ?
Appulate, Inc., a provider of forms conversion technology for the property & casualty sector of the insurance industry has launched a new product, LossRunner F2X, that converts loss run forms (received via fax or email) into data.
The loss run is nothing but an extract of the claims record, which the adjuster sees on his or her screen.
Ask your broker or agent to generate a 5-year loss run, and review all recorded professional and general losses.
Allied Irish Banks said yesterday it expected to publish tomorrow the findings of a report into the pounds 500 million loss run up by 'rogue' foreign exchange trader John Rusnak.
The Rugby Football Union is spearheading the campaign for a fairer deal after contributing to the pounds 400,000 loss run up on the last trip to South Africa.
A review of reserves in the loss run can result in reductions.
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.
Some files might contain copies of an insured's loss run, as well.
AIGCS RMIS' Web-based IntelliRisk[R] e-Services include first notice of loss, providing online claim submission/ 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 claim information via P.D.A.s or other wireless devices.
Most modern RMIS programs do more than simply produce a year-by-year loss run, broken down by coverage line.
Mr Shaw's gagging order follows a series of Press reports about the pounds 4.6million loss run up by the council's DLO, which eventually forced the resignation of council leader Harry McGuigan.
In any RMIS loss run, "incurred" is a combination of what has been paid and what has been reserved, but it is far from being an accurate reflection of what has really been incurred in the program.