Contents: This report identifies the summary of paid losses on coverages for a selected month. Subtotals are presented by company, line of business and state, showing paid losses amounts for each coverage. These totals balance back to the Monthly Paid Loss Detail Reports totals. Claim and Feature counts are also included. The numbers for this report are derived from the Claim Transaction table. Listed on the report is the following information:
Coverage (Description)
Gross Paid Losses: Paid Loss amount (during the selected month for the period selected, including Credit to Loss, excluding Salvage and Subrogation.)
Net Paid Losses: Paid Loss amount (during the selected month for the period selected, including Credit to Loss, and including Salvage and Subrogation.)
Who Uses Report: Used by claims management to monitor paid losses for a user specified month.
When to Run Report: After End of Month End Processing has completed.
Input Parameters:
Company (With an option for "All")
State (With an option for "All")
Line of Business (With an option for "All")
Month
Year