Sentences with phrase «reserved claims value»

According to the Insurance Council of Australia (ICA), more than 43,000 claims for flood damage have been lodged, with a reserved claims value of $ 2 billion.

Not exact matches

In the opinion of the Company's management, adjusted book value per share is useful in an analysis of a property casualty company's book value per share as it removes the effect of changing prices on invested assets (i.e., net unrealized investment gains (losses), net of tax), which do not have an equivalent impact on unpaid claims and claim adjustment expense reserves.

It will completely blow up the oil reserves shale players are claiming to have and destroy their asset values.

To the degree that risk is transferred, a reserve credit can be set up to reflect the discounted expected value of future claim payments.

Because oil companies have spent the last 30 + years trying to maximize shareholder value, increase their bookable reserves (discovered oil that they can claim on their books) and outsource much of their day - to - day production operations, they were already in a position where they had too many eggs in a highly unstable basket.

Backers of the Nebia crowdfunding campaign can reserve a single unit for $ 299 (said to be a $ 399 retail value), and the company claims that the device will pay for itself in less than two years, based on the water usage in an average US home.

Stephen brings an additional client perspective having spent significant time in house at a senior level where he has worked on high value complex claims, managed claims teams and worked across teams on wider management issues including claims process, IT implementation, lawyer panel procurement / oversight, reserving, pricing and policy wordings.

We need to understand, as early as possible, the dollar value of the claim or your best estimate (even if it is zero) so that we can dedicate appropriate resources and set reserves for the claim or potential claim.

Issue involved claimed failure to disclose value of oil and gas reserves in North Sea and elsewhere, accounting treatment of various assets, and proper accounting for asset transfers.

Life insurance may provide just basic death benefit protection (i.e. term life insurance) or it may provide a death benefit with an equity value, called a cash value, which is a cash reserve that builds up against the death benefit of the policy to cover the costs associated with paying out the future death benefit claim..

Tether is a popular cryptocurrency that claims to have its value back directly by U.S. dollars held in reserve.

Others are far less reserved in their appraisal, claiming that Kobayashi's actions had been directly responsible for wiping around 75 percent of Bitcoin's value off the map, putting an end to 2017's meteoric rise of the virtual currency's value.