Calendar Year Accounting Incurred Losses


Definition of "Calendar year accounting incurred losses"

Stephanie Ireland real estate agent
Stephanie Ireland, Real Estate Agent The Ireland Group

Losses paid plus positive or negative changes in the year-end loss reserves during that particular year. The total amount includes payments for any old claims as well as new claims, plus any reevaluation of claim amounts already on the books at the beginning of the year, as well as required reserves for the new claims.

 

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