Contents: This report identifies claims that have paid loss activity for a user defined / selected month. Totals from the detail report should balance to the Loss Paid Detail by Claim Number and Loss Paid Summary by Coverage and Loss Type grand totals. Information on the report includes:
Claim No.: Claim number
Loss Date: Date of the loss
Insured Name: Insured 1 (from the claim)
Policy Number: Policy number
Rpt Date: Reported date of the 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: Description of the coverage
Subcoverage: Description of the sub-coverage
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: The report is used by claims management to monitor Loss Paid activity for the month and may be used to balance reported MTD (Month to Date) and Current Loss Paid for the selected 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")
Coverages (With an option for "All")
Report Period: Month / Year