L Squared Insurance Agency Blog: insurance carrier loss runs
View the latest blog posts from L Squared Insurance Agency.
Friday, February 24, 2023 Underwriters often require Insurance carrier loss runs when a firm has claims, disciplinary activity, or insurance coverage non-renewed or rescinded. Underwriters may require loss runs prior to providing a quote and/or binding coverage. READ MORE >>
Monday, October 31, 2022 A law firm with claims, disciplinary activity, insurance coverage non-renewed, or rescinded, plan to provide insurance carrier loss runs for quoting and/or binding new coverage. Insurance carrier loss runs report(s) show claims reported to a malpractice insurer during the time the firm was insured with that insurer. READ MORE >>
Monday, August 22, 2022 Insurance carrier loss runs show all claims that have been reported to an insurer during the time that the insurer provided insurance coverage. The loss runs not only include actual malpractice claims paid but reported incidents that may never turn into a claim and/or disciplinary proceedings. READ MORE >>
Thursday, March 4, 2021If a law firm has claims, disciplinary activity, or insurance coverage non-renewed or rescinded, insurance carrier loss runs likely will be required to provide a quote and/or bind new coverage. Insurance carrier loss runs are a report(s) that shows claims reported to a malpractice insurer during the time the firm was insured by that insurer. READ MORE >>
Friday, November 30, 2018With normal (non E&O) commercial insurance it is common practice for Insurers to require loss runs to provide a quotation. Insurance carrier loss runs are a report produced by an insurer that provides information on all claims that have been reported to an insurer during the time that the insurer provided insurance coverage. READ MORE >>
Tuesday, May 15, 2018Many people have no idea what Insurance Carrier Loss Runs are. Plus who wants to discuss or disclose malpractice claims just to get an insurance quote. Why won’t an insurer just quote without this information? Insurance carrier loss runs are a report(s) that shows claims reported to a malpractice insurer during the time the firm was with the insurer. READ MORE >>
Monday, May 16, 2016Insurance carrier loss runs are a report that shows what claims have been reported to the insurance company. This is a report that is prepared by the claims department but can also be generated by many underwriters. READ MORE >>
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