Catastrophe Reinsurance Settlement Amount

No definition available.

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- Definition

Carrying amount as of the balance sheet date of reserves for the costs of settling insured claims and costs incurred in the claims settlement process attributable to asbestos, net of estimated reinsurance recoveries.

+ References

No definition available.

+ Details

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- Definition

Carrying amount as of the balance sheet date of reserves for the costs of settling insured claims and costs incurred in the claims settlement process attributable to environmental claims, net of estimated reinsurance recoveries.

+ References

No definition available.

+ Details

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- Definition

Reinsurance Expected Recovery, Percentage

+ References

No definition available.

+ Details

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- Definition

The known and estimated amount recoverable related to asbestos claims as of the balance sheet date from reinsurers for claims paid or incurred by the ceding insurer and associated claims settlement expenses, including estimated amounts for claims incurred but not reported, and policy benefits, net of any related valuation allowance.

+ References

No definition available.

+ Details

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- Definition

The known and estimated amount recoverable related to environment related claims as of the balance sheet date from reinsurers for claims paid or incurred by the ceding insurer and associated claims settlement expenses, including estimated amounts for claims incurred but not reported, and policy benefits, net of any related valuation allowance.

+ References

No definition available.

+ Details

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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- Definition

Amount, after effects of reinsurance, of expense (reversal of expense) for claims incurred and costs incurred in the claim settlement process.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=116884095&loc=d3e14764-158437

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- Details

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Reserve for Property and Casualty Insurance Claims and Claims Expense - Narrative (Details) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
	Jul. 01, 2020	Jun. 30, 2019	Jun. 30, 2020	Jul. 24, 2020	Jun. 20, 2020	Dec. 31, 2019
Increase (decrease) in claims and claims expense
Reserves for asbestos claims			$ 779			$ 810
Reinsurance recoverables for asbestos claims			(347)			(362)
Reserves for environmental claims			171			179
Reinsurance recoverables for environmental claims			(38)			$ (40)
Catastrophe
Increase (decrease) in claims and claims expense
Total incurred		$ (1,750)	$ (1,400)
Fire
Increase (decrease) in claims and claims expense
Catastrophe reinsurance settlement amount					$ 11,000
Subsequent Event
Increase (decrease) in claims and claims expense
Reinsurance expected recovery, percentage				80.00%
Minimum \| Subsequent Event \| Fire
Increase (decrease) in claims and claims expense
Total incurred	$ 400
Maximum \| Subsequent Event \| Fire
Increase (decrease) in claims and claims expense
Total incurred	$ 450