Insurance Claim Reserves (tables)

12 Months Ended

Dec. 31, 2013

Insurance Claim Reserves disclosure

Claims and claim adjustment expense reserves [Table Text Block]

(at December 31, in millions)	2013		2012
Property-casualty	$	50,865	$	50,888
Accident and health		30		34
Total	$	50,895	$	50,922

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)	2013			2012			2011
Claims and claim adjustment expense reserves at beginning of year	$	50,888		$	51,353		$	51,537
Less reinsurance recoverables on unpaid losses		10,254			10,434			11,282
Net reserves at beginning of year		40,634			40,919			40,255
Estimated claims and claim adjustment expenses for claims arising in the current year		14,060			15,559			16,937
Estimated decrease in claims and claim adjustment expenses for claims arising in prior years		(944	)		(1,074	)		(842	)
Total increases		13,116			14,485			16,095
Claims and claim adjustment expense payments for claims arising in:
Current year		5,485			6,507			7,751
Prior years		8,477			8,326			7,653
Total payments		13,962			14,833			15,404
Acquisition(1)		1,792			—			—
Unrealized foreign exchange (gain) loss		5			63			(27	)
Net reserves at end of year		41,585			40,634			40,919
Plus reinsurance recoverables on unpaid losses		9,280			10,254			10,434
Claims and claim adjustment expense reserves at end of year	$	50,865		$	50,888		$	51,353

(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.