Losses Paid

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Losses Paid

In insurance, legitimate claims that an insurer has paid to a policyholder.
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The average paid loss per closed claim increased 47% from 2009 to 2018, from an average paid loss of $9,200 to $13,500.
'In the event our land is acquired, we will lose our business, hence our application to be paid loss of business as per the law established,' the letter noted.
She said in cases of casualties of breadwinners, the fund paid loss of support benefits to dependents of the deceased.
Continued reported loss stability along with demonstration that higher paid loss and settlement activity are mitigating exposures could support a modest reduction in Fitch's survival ratio targets.
According to the magistrate judge, the Insurers had not demonstated that those claims -- "burglary," with a paid loss net deductible of $305,403.47 (Claim No.
While the recovery potential may be obvious, the paid loss amount may not seem worth the pursuit, but smaller recoveries can add up to a larger amount.
The types of financial plans that will be discussed in this chapter are guaranteed cost, standard dividend, sliding scale dividend, incurred loss retrospective rating, paid loss retrospective rating, and deductibles.
While there are numerous types of retros, the two most common are the paid loss retro and the incurred loss retro.
Overall, the line remains profitable, with 2018 direct paid loss and defense and cost containment expenses ratios below 25 for both standalone and packaged cyber.
He said delay in settling the debts was also caused by lack of inspection reports, which were key, where plot owners were paid loss of right of land as well as property and developments.
The NFIP had 166,210 paid claims from Katrina, totaling almost $16 billion, with an average paid loss of $96,016.