Reading Loss Run Reports

[iiinycboi]

Is there a way to find out what caused the loss from a loss run report? Is the only way to find out is calling the company itself and ask them what happen?

I have a client who im trying to quote but the loss run says a 2004 loss but she has no recollection of anything. She claims no loss happen and no payout either but the loss run says differently.

 

[isgutah]

Most carriers want currently dated loss runs and the farthest back I see them look is 5 years. I wouldn't even bring it up with the underwriter if it is that old.

 

[djs]

My guess is the loss run is correct.
What line of business is this for? Why are you going back 7+ years?

My guess is, once she calls the carrier and gets a description of the loss, she'll remember it, but probably truly believes the conversation at the time didn't result in a payout.

Dan

 

[iiinycboi]

This is for CPP, i asked her to bring in a loss run a long with current policy to review and get quotes.

She says this is what the company sent her from 2004-2011. I've noticed that there was a claim in 2004. I asked her about it and she firmly said she never had a claim and never received a check never had a loss.

Didnt want to interrogate her to much until i find out more and try to jog her memory.