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2018-10-25T08:46:03Z

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Klbrain: Closing 2016 merge proposal; opposition and no support; see Talk:Insurance policy#Proposed merge with Loss run

2018-06-21T12:38:25Z

Closing 2016 merge proposal; opposition and no support; see Talk:Insurance policy#Proposed merge with Loss run

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A '''loss run''' is a document that records the history of claims made against a commercial [[insurance policy]]. It is analogous to a [[credit report]]. A loss run report will include information including the date of the claim, the amount paid, and a description of the event. Generally, a loss run will record 5 years of history.<ref>Zeiler, Dan. [http://thez.zeiler.com/what-are-loss-runs-and-how-do-these-reports-affect-you "What are Loss Runs, and How Do These Reports Affect You?"]</ref> Because of the importance of loss run reports in [[underwriting]] commercial insurance accounts, most American states have laws requiring insurance providers to make these reports available on request.<ref>Dodge, Tim. [http://insurancegeek.typepad.com/ask_tim/2008/07/ny-law-and-insurer-obligation-to-provide-loss-runs.html, "N.Y. Law and Insurer Obligation to Provide Loss Runs"]</ref><ref>[http://www.iiabl.com/Information/Pages/InsuranceInfo/Technical/TA-220-Loss-Runs-and-Louisiana-Law.pdf, "Loss Runs and Louisiana Law"]</ref>

A loss run can, in principle, also be used to notify an insurer of a claim, although this has been disputed.<ref>Ostrager, Thomas R. Newman. [https://books.google.com/books?id=7Y18BwAAQBAJ&pg=PA1372, "Handbook on Insurance Coverage Disputes"], 1 December 2014</ref>

==References==
{{reflist}}

[[Category:Insurance]]
[[Category:Business terms]]

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Klbrain: Closing 2016 merge proposal; opposition and no support; see Talk:Insurance policy#Proposed merge with Loss run