Loss Development | Insurance Glossary

Definition of "Loss development"

Difference in the amount of losses between the beginning and end of a time period.

Form of lighting designed to have 90% to 100% of the emitted light directed upward so the principal ...

A lease contract extending ten years or more. ...

Notice sent from a plaintiff to a defendant requiring the defendant to appear before a court or jud ...

Degree of underwriting profit that an insurance company's book of business shows. ...

Also called a like-kind exchange. An exchange in which tax benefits are available to real estate own ...

Liability arising out of the operation of a motel or hotel as it pertains to the physical safety of ...

Discover your potential monthly savings by combining your bills into a single source. Eliminate high ...

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

Paid advertorials are articles written by public relations professionals that have just one goal in ...

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

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