Report 2-24 - Audit of Loss Adjustment Expenses Incurred on Quality Trust, Inc.

Transurance eliminates complex coverage definitions and loss adjustment processes by defining its coverage as a percentage of the loss recoveries under selected traditional insurance policies.

According to estimates by the Insurance Information Institute, insurance fraud accounts for about 10 percent of the property/casualty insurance industry's incurred losses and loss adjustment expenses.

This couple's state income tax refund and the tax-exempt interest income combined to produce a passive activity loss adjustment of minus $80 on Line 4s, because more losses from their actively managed rental real estate are deductible for the A.M.T. than for regular tax purposes.