closed claim

closed claim

(klōzd klām)
A claim whose processing has been completed, including review of any appeals.
References in periodicals archive ?
The average paid loss per closed claim increased 47% from 2009 to 2018, from an average paid loss of $9,200 to $13,500.
Hip arthroplasty malpractice claims in the Netherlands: Closed Claim Study 2000-2012.
Adverse respiratory events in anaesthesia: a closed claim analysis.
The Obstetrics Closed Claim Study identified a number of "underlying vulnerabilities" that place patients at risk and increase liability for clinicians.
Vickie Kilgore, research director of the Insurance Research Council briefed the attendees on IRC's latest closed claim study of 37,000 auto insurance claims.
The principal source of these data is the Florida Medical Malpractice Closed Claim Report obtained from the Florida Department of Financial Services.
closed claim with a payout greater than or equal to $10,000 (nominal)
Among the models that will advance are: the Military Sales Practices model regulation; amendments to the Viatical Settlements model act; the Medical Malpractice Closed Claim Reporting model law; changes to the Long Term Care Insurance model act, which includes producer training requirements; and the Uniform Health Carrier External Review model act.
While anecdotal evidence provides support for this assumption, it cannot be explicitly verified since general damages claimed are not reported in the closed claim data.
Based on data contained in the Physician Insurers Association of America Data Sharing Project, which contains information on more than 192,000 closed claims and suits, the average indemnity and allocated loss-adjustment expense payment per closed claim is between 15% and 20% higher for bariatric compared with general surgeons.
In sum, the shift in interest over excess loss claims from forensic (closed claim) studies to early identification (e.g., at 60 days from the date of injury) has changed dramatically due to analytics.