US: Losses and allocated loss adjustment expenses (ALAE) paid to claimants during a financial reporting period.
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The amount paid out in losses during a particular time frame.
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The losses paid as of the valuation date for claims covered by a policy or group of policies attributable to a specific coverage period provided by the policy or policies. (02) Claim amounts paid during a specific calendar year (or period).
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The losses that have been paid for a claim.