UST Monthly Activity Report
AST Monthly Activity Report
Current Balance Sheet
Current Income Statement
Actuarial Study-2009
Audit - FY09


Financial Projections for 12/31/08
Financial Projection Assumptions for 12/31/08

 

UST MONTHLY ACTIVITY
REPORT FOR JANUARY '10

PARTICIPATION  
Policies Issued: 4403
Policies Lapsed: 1755
Total Policies in Force: 2648
Applications Under Review: 32
Applications Rejected: 395
Total Applications: 4830
   
Extended Reporting Period Endorsements in Force:
193



INSURED TANKS          
Participation Fee Category #1 #2 #3 #4 Total
No. of Tanks 647 2641 3969 0 7257



PARTICIPANT CHARACTERISTICS
No. of Owners w/ 1 - 12 Tanks: 1312
No. of Owners w/ 13 - 99 Tanks 81
No. of Owners w/ 100 + Tanks: 7
Total No. of Tank Owners: 1400



INSURANCE CLAIMS
No. of Open Claims: 471
No. of Claims Where Payment Has Been Made: 962
No. of Closed Claims To Date: 1522
Total Dollars Paid To Date: $74,461,735
Dollars Reserved For Known Claims: $23,439,035
No. of Sites With Approved Cost Proposals: 373
Amount of Approved Cost Proposals Outstanding: *** $8,827,545



INSURANCE "EXTENDED REPORTING PERIOD" CLAIMS
No. of Open Claims:
55
No. of Claims Where Payment Has Been Made: 51
No. of Closed Claims To Date:
39
Total Dollars Paid To Date:
$1,506,797
Dollars Reserved For Known Claims:
$2,245,680
No. of Sites With Approved Cost Proposals:
46
Amount of Approved Cost Proposals Outstanding:
**$924,190



"REMEDIAL" CLAIMS*
No. of Open Claims: 542
No. of Claims Where Payment Has Been Made: 1058
No. of Closed Claims To Date: 2946
Total Dollars Paid To Date: $91,381,596
Reserve Estimate For 542 Eligible Claims: **$27,453,171
No. of Sites With Approved Cost Proposals: 385
Amount of Approved Cost Proposals Outstanding: ***$8,876,031

* "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 '10

PARTICIPATION  
Policies Issued: 827
Policies Lapsed: 252
Total Policies in Force: 575
Applications Under Review: 19
Applications Rejected: 94
Total Applications: 940

Extending Reporting Period Endorsements in Force:
45


INSURED TANKS      
Participation Fee Category #1 #2 Total
No. of Tanks 2157 27 2184


PARTICIPANT CHARACTERISTICS
No. Of Owners w/ 1 - 12 Tanks: 267
No. Of Owners w/ 13 - 99 Tanks 23
No. Of Owners w/ 100+ Tanks: 1
Total No. of Tank Owners: 291


INSURANCE CLAIMS
No. of Sites With Open Claims: 75
No. of Sites Where Payment Has Been Made: 101
No. of Closed Claims To Date: 86
Total Dollars Paid To Date: $13,430,679
Reserve Estimate For Known Claims: $6,462,349
No. of Sites With Approved Cost Proposals: 52
Amount of Approved Cost Proposals Outstanding: **$1,539,907


INSURANCE "EXTENDED REPORTING PERIOD" CLAIMS
No. of Sites With Open Claims:
9
No. of Sites Where Payment Has Been Made:
5
No. of Closed Claims To Date:
2
Total Dollars Paid To Date:
$115,255
Reserve Estimate For Known Claims:
$366,682
No. of Sites With Approved Cost Proposals:
6
Amount of Approved Cost Proposals Outstanding:
**$47,891



"REMEDIAL" CLAIMS*
No. Of Sites w/ Open Claims: 48
No. Of Sites For Which Payment Has Been Made: 50
No. Of Closed Claims To Date: 263
Total Dollars Paid To Date: $5,745,751
Reserve Estimate For 48 Eligible Claims: $3,639,714
No. Of Sites With Approved Cost Proposals: 28
Amount of Approved Cost Proposals Outstanding: **$641,214


*"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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