ATTACHMENT E - 2ND QUARTER 2025 - Totals - KY - RFB 758 2600000247.pdf

This document is a claims summary report for the Kentucky Real Estate Commission (KREC) Errors & Omissions Insurance Policy for the second quarter of 2025. The report presents detailed claims data across nine group policies (numbered 15 through 24, with policy years ranging from 2024 to 2026), tracking both closed and open claims with associated loss amounts and legal expenses. The summary encompasses a total of 1,509 claims across all policies, including 1,316 closed claims and 193 open claims, reflecting the scope of professional liability coverage provided to Kentucky real estate professionals during this reporting period.

The total incurred claims for the second quarter of 2025 amount to $8,199,811.34, comprised of $6,076,236.52 in paid closed claims and $2,123,574.82 in incurred amounts for open claims. The claims data reveals significant variation across individual policies, with policy year 0031KY (a two-year policy) representing the largest claims volume at 312 total claims and $1,474,566.04 in total incurred costs. The document serves as an actuarial record for the KREC group policy administration, providing insurers and administrators with critical loss experience data necessary for premium evaluation, reserve adequacy assessment, and ongoing policy management throughout the contract term.