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

Number of Settlements

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No definition available.

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- Definition

Reinsurance Expected Recovery, Percentage

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No definition available.

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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.

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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.

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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.

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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

+ Details

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- Definition

Amount, after effects of reinsurance, of expense (reversal of expense) for claims incurred in prior reporting periods and related claims settlement costs.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-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) $ in Millions		3 Months Ended	9 Months Ended
	Jul. 01, 2020 USD ($)	Sep. 30, 2020 USD ($) settlement	Sep. 30, 2020 USD ($) settlement	Sep. 30, 2019 USD ($)	Sep. 14, 2020 USD ($)	Jul. 24, 2020	Jun. 20, 2020 USD ($)	Dec. 31, 2019 USD ($)
Increase (decrease) in claims and claims expense
Reserves for asbestos claims		$ 844	$ 844					$ 810
Reinsurance recoverables for asbestos claims		(396)	(396)					(362)
Reserves for environmental claims		210	210					179
Reinsurance recoverables for environmental claims		$ (43)	(43)					$ (40)
Prior years			(440)	$ (118)
Reinsurance expected recovery, percentage						80.00%
Catastrophe
Increase (decrease) in claims and claims expense
Incurred expense (adjustment)			$ (2,390)	(2,260)
Number of settlements \| settlement		2	2
Prior years		$ (495)	$ (502)	$ 53
PG&E \| Fire
Increase (decrease) in claims and claims expense
Catastrophe reinsurance settlement amount							$ 11,000
Prior years	$ (450)
Southern California Edison \| Fire
Increase (decrease) in claims and claims expense
Catastrophe reinsurance settlement amount					$ 1,160
Prior years		$ (45)