Losses Outstanding

Losses Outstanding

In insurance, legitimate claims that an insurer has not paid to a policyholder.
References in periodicals archive ?
There are no interest shortfalls or losses outstanding.
Specifically, in this case Chirchirillo took over a "deficiently structured program" end was able to deliver increased limits on extra expense, a concurrent signed and delivered policy form prior to inception, and an improved structure, all despite two losses outstanding, one within a month of binding.