Full Definition
A loss run (also called a loss history or claims experience report) is a document provided by an insurance carrier that details all claims filed under a policy during a specified period (typically 5 years). Loss runs include the date of loss, description, amounts paid (indemnity and expenses), and outstanding reserves. Loss runs are required by carriers when quoting new business or renewals — they are the primary tool for evaluating a company's claims experience. Favorable loss runs (low frequency and severity) result in better pricing; adverse loss runs can trigger non-renewal or significant rate increases. Requesting loss runs 120+ days before renewal is recommended.
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