UST Monthly Activity Report
AST Monthly Activity Report
Current Balance Sheet
Current Income Statement
Actuarial Study-2007
Audit - FY08


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

 

UST MONTHLY ACTIVITY
REPORT FOR MAY '09

PARTICIPATION  
Policies Issued: 4341
Policies Lapsed: 1685
Total Policies in Force: 2656
Applications Under Review: 37
Applications Rejected: 379
Total Applications: 4757
   
Extended Reporting Period Endorsements in Force:
298



INSURED TANKS          
Participation Fee Category #1 #2 #3 #4 Total
No. of Tanks 622 2599 4100 0 7321



PARTICIPANT CHARACTERISTICS
No. of Owners w/ 1 - 12 Tanks: 1321
No. of Owners w/ 13 - 99 Tanks 82
No. of Owners w/ 100 + Tanks: 8
Total No. of Tank Owners: 1411



INSURANCE CLAIMS
No. of Open Claims: 522
No. of Claims Where Payment Has Been Made: 933
No. of Closed Claims To Date: 1444
Total Dollars Paid To Date: $71,241,724
Dollars Reserved For Known Claims: $26,607,380
No. of Sites With Approved Cost Proposals: 408
Amount of Approved Cost Proposals Outstanding: *** $9,668,501



INSURANCE "EXTENDED REPORTING PERIOD" CLAIMS
No. of Open Claims:
51
No. of Claims Where Payment Has Been Made: 27
No. of Closed Claims To Date:
29
Total Dollars Paid To Date:
$941,342
Dollars Reserved For Known Claims:
$2,145,647
No. of Sites With Approved Cost Proposals:
38
Amount of Approved Cost Proposals Outstanding:
**$687,813



"REMEDIAL" CLAIMS*
No. of Open Claims: 595
No. of Claims Where Payment Has Been Made: 1042
No. of Closed Claims To Date: 2881
Total Dollars Paid To Date: $87,110,919
Reserve Estimate For 595 Eligible Claims: **$29,280,695
No. of Sites With Approved Cost Proposals: 417
Amount of Approved Cost Proposals Outstanding: ***$9,730,807

* "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 APRIL '09

PARTICIPATION  
Policies Issued: 796
Policies Lapsed: 240
Total Policies in Force: 556
Applications Under Review: 24
Applications Rejected: 94
Total Applications: 914

Extending Reporting Period Endorsements in Force:
62


INSURED TANKS      
Participation Fee Category #1 #2 Total
No. of Tanks 2122 27 2149


PARTICIPANT CHARACTERISTICS
No. Of Owners w/ 1 - 12 Tanks: 254
No. Of Owners w/ 13 - 99 Tanks 23
No. Of Owners w/ 100+ Tanks: 1
Total No. of Tank Owners: 278


INSURANCE CLAIMS
No. of Sites With Open Claims: 74
No. of Sites Where Payment Has Been Made: 98
No. of Closed Claims To Date: 83
Total Dollars Paid To Date: $12,295,465
Reserve Estimate For Known Claims: $6,265,687
No. of Sites With Approved Cost Proposals: 54
Amount of Approved Cost Proposals Outstanding: **$1,554,001


INSURANCE "EXTENDED REPORTING PERIOD" CLAIMS
No. of Sites With Open Claims:
6
No. of Sites Where Payment Has Been Made:
4
No. of Closed Claims To Date:
2
Total Dollars Paid To Date:
$98,262
Reserve Estimate For Known Claims:
$253,673
No. of Sites With Approved Cost Proposals:
5
Amount of Approved Cost Proposals Outstanding:
**$62,753



"REMEDIAL" CLAIMS*
No. Of Sites w/ Open Claims: 53
No. Of Sites For Which Payment Has Been Made: 50
No. Of Closed Claims To Date: 258
Total Dollars Paid To Date: $5,432,753
Reserve Estimate For 53 Eligible Claims: $3,932,243
No. Of Sites With Approved Cost Proposals: 33
Amount of Approved Cost Proposals Outstanding: **$657,388


*"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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