In three of the past 12 months, the excess spread has not been sufficient to cover the monthly losses incurred
Product liability losses do not include losses incurred
under warranty theories, nor do they include amounts paid for insurance against product liability risks.
As discussed above, excess spread from Group 2 is available to offset losses incurred
in Group 1 after Group 2 losses have been accounted for.
In two of the past 6 months, the excess spread has not been sufficient to cover the monthly losses incurred.
June's distribution was the first month where excess spread was not sufficient to cover the monthly losses incurred.
Allstate, a property and casualty insurance company, had claimed a deduction for losses incurred
in its insurance business in 1969.
Best anticipates a modest profit after tax of approximately EUR 250,000 (USD 296,000) in 2005 factoring losses incurred
from the January 2005 U.
These affirmations, downgrades, and removals from Rating Watch Negative are due to a decline in credit enhancement as a result of losses incurred
from the Delphi Corporation credit event.
Chuck Coppa, GreenMan's Chief Financial Officer stated, "Due to the magnitude of the operating losses incurred
by our Georgia subsidiary, management adopted a plan in September 2005 to dispose of all Georgia operating assets.
Jupiter allocates a majority of its funds to this investment, and during 2005 the company partially reduced it as a result of capital requirements to cover large losses incurred
3 million of municipal bonds at a gain of approximately $286,000, which will partially offset the losses incurred
on the MBS.