Insurance Claim Reserves (tables)

12 Months Ended

Dec. 31, 2014

Insurance Claim Reserves disclosure

Claims and claim adjustment expense reserves [Table Text Block]

(at December 31, in millions)	2014		2013
Property-casualty	$	49,824	$	50,865
Accident and health		26		30
Total	$	49,850	$	50,895

Reconciliation of beginning and ending property casualty reserve balances for claims and claim adjustment expenses [Table Text Block]

(at and for the year ended December 31, in millions)	2014			2013			2012
Claims and claim adjustment expense reserves at beginning of year	$	50,865		$	50,888		$	51,353
Less reinsurance recoverables on unpaid losses		9,280			10,254			10,434
Net reserves at beginning of year		41,585			40,634			40,919
Estimated claims and claim adjustment expenses for claims arising in the current year		14,621			14,060			15,559
Estimated decrease in claims and claim adjustment expenses for claims arising in prior years		(957	)		(944	)		(1,074	)
Total increases		13,664			13,116			14,485
Claims and claim adjustment expense payments for claims arising in:
Current year		5,828			5,485			6,507
Prior years		8,099			8,477			8,326
Total payments		13,927			13,962			14,833
Acquisition(1)		—			1,792			—
Unrealized foreign exchange (gain) loss		(286	)		5			63
Net reserves at end of year		41,036			41,585			40,634
Plus reinsurance recoverables on unpaid losses		8,788			9,280			10,254
Claims and claim adjustment expense reserves at end of year	$	49,824		$	50,865		$	50,888

(1)

Dominion's net claims and claim adjustment expense reserves at November 1, 2013 were $1,792 million. Dominion's gross reserves on that date were $2,144 million. Dominion's reinsurance recoverables on unpaid losses on that date were $352 million.