Contents: The report displays the paid losses on claims that have paid losses for a selected month. The totals from the Detail report should balance to the Paid Loss Coverage Summary report coverage and grand totals. Listed on the report is:
Loss Date:Date of the loss
Insured Name: Insured 1 listed on the claim
Policy Number: Policy number
Rpt Date: Reported date of claim
Cat. No.: Catastrophe number
In Suit: In suit indicator ("Y" = Yes or "N" = No)
Loss Type: Type of loss
Clmt No.: Claimant number
Cov Adj: Inside adjuster assigned to the coverage / feature
Coverage: Coverage description
Subcoverage:Subcoverage description
Gross Paid Loss: Paid loss total (including Credit to Loss, but excluding Salvage and Subro)
Net Paid Loss: Paid loss total (including Credit to Loss, including Salvage and Subro collected in the current month)
Who Uses Report: Used by claims management to monitor paid loss activity and may be used to balance reported MTD (Month to Date) and Current Paid Losses.
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