A loss run lists each claim under a policy with the date of loss, a brief description, amounts paid for indemnity and expense, outstanding reserves, and claim status.
Insureds request them at renewal and when marketing coverage to other carriers.
Alternative Names:
Loss History, Claims History Report
Why it Matters?
Loss runs are underwriting documents but they surface in litigation as evidence of an insured's prior claims history, which can establish notice of a recurring hazard. In premises and product cases a loss run showing multiple similar prior incidents supports both notice and punitive damages theories, and it is discoverable in most jurisdictions where prior incidents are relevant.
Frequently Confused with
Related terms
Frequently asked questions
What does a loss run contain?
Are loss runs discoverable in litigation?
