Contents: The Total Claims Recoveries report includes cash receipts and offsets for salvage, subrogation and contribution recoveries for month to date expense totals.
Claim Number: The claim number assigned to the claim.
Policy Number: The number assigned to the policy .
Policy Effective Date: The effective date of the associated policy
Line of Coverage: The associated line of coverage / feature description.
Agency Code: The agency code assigned to the policy.
Adj.: Adjuster initials.
"In Suit" Flag: ("Y" or "N") This is used to identify if the line of coverage / feature is flagged as In "Suit."
Reins Treaty: For Future Use.
Loss Date: The date of the loss.
Reported Date: The date the claim occurrence was reported.
Added Date: The date the transaction was added.
Remark: This is the Remarks field from the Transaction screen. (Note: For cash receipts, the adjuster enters the check author’s name in the remarks memo field.).
Check Amount: The amount of the cash receipt in the Check Amount field. (Note: Recoveries are signed as a credit (-) and Offsets are signed (no sign) as a debit.)
The report is grouped by company /state / line of business.
Subtotals: Total Recovery Offsets (Signed as credit)
Total Recovery Received (signed as debit)
Grand Total: Total Claim Recoveries – This is the summed Total of all Recovery Offsets and Total Recoveries Received .
Who Uses Report: Claims Management - To monitor recoveries received for the selected period to balance to other financial reports which include salvage and subrogation recoveries.
Accounting Claims Control: To balance recoveries received to cash deposits.
When to Run Report: Can be run at any time; preferably after End of Month Processing.
Input Parameters:
Date From / Date Through
Company (With an option for "All")
State (With an option for "All")
Line of Business (With an option for "All")