View a map showing the boundaries of the Walterboro Historic District. View the complete text of the nomination form for this National Register Property. View the complete text of the nomination form for the boundary increase of this National Register Property.
Loss Triangle as described by HB Actuarial Services, Inc. Complex Calculations Made Easy to Understand. A loss triangle is the primary method in which actuaries organize claim data that will be used in an actuarial analysis. The reason it is called a loss triangle is that a typical submission of claim data from a client company shows numeric values forming a triangle when viewed. The easiest loss triangle to explain is the accident year paid loss triangle. This loss triangle totals paid loss data in each of two categories. The first is accident year. Simply put, all paid losses from all claims occurring in the accident year are totaled.
Under named peril coverage, the policyholder may have to prove that a loss was caused by a listed peril. With special form coverage, the burden is on the insurance company. The latter can only deny a claim by proving that the source of loss is ineligible for coverage. A special form policy is usually best as it offers more coverage than a named peril policy. Here are a few examples of losses where special form coverage made the difference and a claim was paid: 1  A battery was left on a hardwood floor. 2  When the battery acid leaked out, it spread to the point that it was necessary to replace a large section of the floor. 3  An insured tipped over a bucket containing ammonia.