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We have 11 other definitions for LOO
in our Acronym Attic
Samples in periodicals archive:
Omission of note disclosures regarding an unrecognized loss contingency that has a likelihood of occurrence that's more than remote,
The tool translates these risks and opportunities into specific financial terms by assigning cost and revenue implications to those identified in the assessment as having the highest likelihood of occurrence and highest business impact.
Agencies can assess risk by determining likelihood of occurrence, number of persons affected, and the seriousness of the consequences of not responding to the risk.
Risk is priced according to the likelihood of occurrence, based on experience.
By following the community-based social marketing method, the team has explored each behaviour to assess their likelihood of occurrence and impact in reducing energy use.
As such, management might assess the likelihood of occurrence as medium--or if the organization has had a history of up-coding, management then might assess the risk as high.
Once the senior client is convinced of the blunt reality that mortality has a 100% likelihood of occurrence, a call to action should be created by inquiring what plans that they actually have in place to do something about it.
The compelling reason to purchase broad-form or difference-in-condition D&O coverage is that it is difficult to assess the likelihood of occurrence of the type of problems described above.