UST Monthly Activity Report
AST Monthly Activity Report
Current Balance Sheet
Current Income Statement
Actuarial Study-2011
Audit - FY11


Financial Projections for 12/31/10
Financial Projection Assumptions for 12/31/10

 

UST MONTHLY ACTIVITY
REPORT FOR JANUARY '12

PARTICIPATION  
Sites where Coverage is in Force: 2625
Sites where Coverage Lapsed: 1901
Applications Under Review: 22
   
Extended Reporting Period Endorsements in Force:
188



INSURED TANKS          
Participation Fee Category #1 #2 #3 #4 Total
No. of Tanks 707 2703 3738 0 7148



PARTICIPANT CHARACTERISTICS
No. of Owners w/ 1 - 12 Tanks: 1286
No. of Owners w/ 13 - 99 Tanks 76
No. of Owners w/ 100 + Tanks: 7
Total No. of Tank Owners: 1369



INSURANCE CLAIMS
No. of Open Claims: 421
No. of Claims Where Payment Has Been Made: 1031
No. of Closed Claims To Date: 1680
Total Dollars Paid To Date: $85,298,007
Dollars Reserved For Known Claims: $23,096,174
No. of Sites With Approved Cost Proposals: 326
Amount of Approved Cost Proposals Outstanding: *** $7,838,541



INSURANCE "EXTENDED REPORTING PERIOD" CLAIMS
No. of Open Claims:
47
No. of Claims Where Payment Has Been Made: 66
No. of Closed Claims To Date:
70
Total Dollars Paid To Date:
$2,618,052
Dollars Reserved For Known Claims:
$1,909,225
No. of Sites With Approved Cost Proposals:
38
Amount of Approved Cost Proposals Outstanding:
**$769,938



"REMEDIAL" CLAIMS*
No. of Open Claims:
463
No. of Claims Where Payment Has Been Made: 1092
No. of Closed Claims To Date:
3064
Total Dollars Paid To Date:
$100,665,053
Reserve Estimate For Eligible Claims:
$24,890,703
No. of Sites With Approved Cost Proposals:
296
Amount of Approved Cost Proposals Outstanding:
**$6,320,618


* "Remedial" claims are those which are not eligible under a policy issued by the Fund; rather, the site is eligible for benefits as a result of HB251 or SB708.

** Includes sites where tanks not yet removed; no data on contamination.

*** Cost Proposals are shown net of the $10,000 deductible.

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AST MONTHLY ACTIVITY
REPORT FOR JANUARY '12

PARTICIPATION  
Sites where Coverage is in Force: 920
Sites where Coverage Lapsed: 302
Applications Under Review: 48
   
Extending Reporting Period Endorsements in Force: 40


INSURED TANKS      
Participation Fee Category #1 #2 Total
No. of Tanks 3031 36 3067


PARTICIPANT CHARACTERISTICS
No. Of Owners w/ 1 - 12 Tanks: 565
No. Of Owners w/ 13 - 99 Tanks 26
No. Of Owners w/ 100+ Tanks: 1
Total No. of Tank Owners: 592


INSURANCE CLAIMS
No. of Sites With Open Claims: 74
No. of Sites Where Payment Has Been Made: 116
No. of Closed Claims To Date: 106
Total Dollars Paid To Date: $13,187,063
Reserve Estimate For Known Claims: $6,040,189
No. of Sites With Approved Cost Proposals: 54
Amount of Approved Cost Proposals Outstanding: **$1,693,265


INSURANCE "EXTENDED REPORTING PERIOD" CLAIMS
No. of Sites With Open Claims:
10
No. of Sites Where Payment Has Been Made:
7
No. of Closed Claims To Date:
6
Total Dollars Paid To Date:
$231,790
Reserve Estimate For Known Claims:
$420,552
No. of Sites With Approved Cost Proposals:
7
Amount of Approved Cost Proposals Outstanding:
**$104,344



"REMEDIAL" CLAIMS*
No. of Sites With Open Claims:
40
No. of Sites for which Payment Has Been Made:
52
No. of Closed Claims To Date:
273
Total Dollars Paid To Date:
$6,704,180
Reserve Estimate For Eligible Claims:
$3,419,406
No. of Sites With Approved Cost Proposals:
23
Amount of Approved Cost Proposals Outstanding:
**$405,096



*"Remedial" claims are those which are not eligible under a policy issued by the Fund; rather, the site is eligible for benefits as a result of HB251 or SB708.

** Cost proposals are shown net of the $10,000 deductible.

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