Incurred loss definition

Incurred loss means the total of the paid indemnity and medical losses plus claims reserves, reported by accident year.

Incurred loss means a loss which has been reported to the university and for which the university may have liability.

Incurred loss means the amount of monies paid and reserved by PARSAC to investigate, defend and satisfy a demand or demands made against a Member Entity.

Examples of Incurred loss in a sentence

• Incurred loss reserves for the years ended December 31, 2006 and 2005 related primarily to obligations impacted by Hurricane Katrina.

• Specialty Benefits InsurancePre-tax operating earnings $59.2 $88.2 (33)% $263.3 $380.9 (31)%Premium and fees9 $613.8 $597.1 3% $2,381.5 $2,359.8 1%Pre-tax return on premium and fees 9.6% 14.8% 11.1% 16.1% Incurred loss ratio 65.9% 59.6% 63.7% 60.0% •Pre-tax operating earnings decreased $29.0 million primarily due to an increase in the incurred loss ratio.

• Incurred loss reserves will be established as accurately as possible for each claim.

• Specialty Benefits Insurance(in millions except percentages or otherwise noted)Pre-tax operating earnings $65.5 $45.1 45% $256.3 $292.3 (12)%Premium and fees $652.3 $597.4 9% $2,530.3 $2,364.8 7%Pre-tax return on premium and fees11 10.0% 7.5% 10.1% 12.4% Incurred loss ratio 64.2% 66.5% 65.0% 62.1% ·Pre-tax operating earnings increased $20.4 million due to growth in the business and favorable claims.

More Definitions of Incurred loss

Incurred loss as used herein shall mean the Company’s ceded ultimate net loss plus the Company’s ceded outstanding loss and loss adjustment expense reserves (including all case reserves plus any reasonable amount estimated to be unreported from known loss occurrences as established by the Company).

Incurred loss means “incurred claims,” as defined in 3.A.(8).

Incurred loss means, for each Underwriting Year, all paid and outstanding Loss incurred by the Company plus IBNR in respect of Covered Business written during such Underwriting Year, in each case net of All Ceded Reinsurance.

Incurred loss means the total amount we have paid and have reserved for payment as damages or benefits because of an occurrence, accident, claim or suit, and all the Allocated Loss Adjustment Expenses we incur in connection therewith under a policy described in PART II, including reserves for occurrences, accidents, claims or suits that have happened but have not been reported to us and for statistically expected loss development on claims that have been reported to us.

Incurred loss means the amount of monies paid and reserved by

Incurred loss means an operational loss after the event has occurred.

Incurred loss means Losses plus Loss Adjustment Expenses paid by the Company, less salvages and recoveries.