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  2. Insurance Terms Starting With L

Loss Report

What is a Loss Report?

A loss report, also known as a loss run report, is a document that summarizes an insured's claims history for a specific period of time. It is typically used by insurance companies to assess risk and determine premiums when underwriting new policies. Loss reports can also be used by businesses and individuals to track their own claims history and identify areas where they may be able to reduce risk.