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also is used to refer to the rating units on which
insurance premium is based or to the units by
which the probability and the size of loss are
measured.

(b) Occurrence and claims - An Occurrence is a
series of incidents happening over a specified, short
period of time that collectively result in a loss, such
as from personal injury or property damage.

A Claim is a demand by an individual or other entity
to recover for that loss. Note that one occurrence
may have multiple claims associated with it. For e.g,
a hurricane results in many claims.

In some situations, claim is used when occurrence
is meant. Additionally some entities count the
different components of a claim as separate claims.
E.g, a general liability claim with both bodily injury
and property damage may be taken as two claims.
A claim is also loosely referred to as loss.

(c) Loss and loss adjustment expenses - Loss, when

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