Losses Outstanding

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Losses Outstanding

In insurance, legitimate claims that an insurer has not paid to a policyholder.
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Judge Martin Beddoe condemned Levene's "rank dishonesty" and added: "The outstanding losses of PS100 million speak for themselves.
By pursuing collateral reviews and scrutinizing outstanding losses, we cut $13 million in LOC obligations and saved another significant sum of money in bank fees associated with maintaining them.
The program also generates a range of reports, including detailed loss records for reinsurance, loss management reports that provide monthly paid and outstanding losses, and special claim reports.
According to the indictment, Kubota and the others submitted to the Finance Ministry's regional bureau a false financial statement for the fiscal year ended in March 1998 by posting outstanding losses 159.
Pridiyathorn said the bonds will help resolve outstanding losses of more than 1.
The insured client will sell their outstanding losses to the carrier.
The award dismisses MPCL's claim for rescission of the Disputed Contracts and calls for MPCL to pay Montpelier Re the outstanding losses on the Disputed Contracts plus accrued interest through the date payment is made.
Outhwaite for reinsuring accounts that were far removed from the potential source of claims (in other words, for acting as a retrocessionaire) because in such a relationship "you were too far removed from the risks to make any kind of meaningful assessment of outstanding losses and loss reserves.
Alea has in place several stop-loss protections acquired against adverse development from prior and current underwriting years, and reinsurance recoverables in respect of outstanding losses represented 29.
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