Actual Total Loss

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Actual Total Loss

The total amount that an insurance company pays to a policyholder when an insured item is completely destroyed, damaged beyond use, or disappears without explanation. It is also called total loss.
References in periodicals archive ?
15,359 residential properties that are partial losses, * 5,747 residential properties that are total losses, and * 2,814 commercial property claims resulting in 997 total losses, which includes commercial businesses and multi-family (apartments) with four or more units.
More than a third of 2014's total losses were in two maritime regions: South China, Indo China, Indonesia and the Philippines (17 ships) and Japan, Korea and North China (12 ships).
Another important loss cost category is total losses since they generally result in higher severity.
The quantity of total losses in the first half year 2013 is 1,774 GWh.
Summary: The row over bankers' pay has intensified after the taxpayer-backed Royal Bank of Scotland unveiled total losses of Au2 billion for 2011.
Taxpayer-backed Royal Bank of Scotland remained at the heart of the row over bankers' pay today as it unveiled total losses of pounds 2 billion for 2011 at the same time as paying pounds 785 million in bonuses to its staff.
LONDON, Feb 23 (KUNA) -- Taxpayer-backed Royal Bank of Scotland remained at the heart of the row over bankers' pay Thursday as it unveiled total losses of 2 billion pounds for 2011 at the same time as paying 785 million pounds in bonuses to its staff.
The firm said that ILS278m out of its total losses were caused by the sale of some Credit Suisse stock.
SwissRe said that total losses for insured and uninsured during the first six months of 2011 totalled $278 billion, with 26,000 victims, mostly in Japan following the March tsunami and earthquake.
The number of total losses declared by insurance companies has risen by 86 per cent a year since 1998, meaning write-offs now amount to almost a quarter of all insurance claims.
An estimation of total losses at the time was around $150 million, noting that many of the larger companies had completed their adjustments and payments.
702(1), which extends liability for total losses to all covered perils regardless of the cause(s) of the loss.
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