What Does Outstanding Losses Mean?

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What does Outstanding Losses mean? Read on to discover the definition & meaning of the term Outstanding Losses - to help you better understand the language used in insurance policies.

Outstanding Losses

Outstanding Losses

Losses that have been reported to the insurer but are still in the process of settlement. Paid losses plus outstanding losses equal incurred losses.

We hope the you have a better understanding of the meaning of Outstanding Losses.

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