Meaning Loss expense
What does Loss expense mean? Here you find 6 meanings of the word Loss expense. You can also add a definition of Loss expense yourself
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Loss expenseThe cost of investigation and adjustment of claims, as distinguished from the amount of a claimant's recovery from the insurance carrier under the policy. Unallocated loss expense is for expenses [..]
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Loss expenseHandling expenses, such as legal fees, paid by an insurance company in settling a claim which can be definitely charged to that particular claim. This excludes payments to the claimant.
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Loss expenseSalaries and other expenses incurred in connection with the operation of a claim department of an insurance carrier which cannot be charged to individual claims.
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Loss expenseThe cost of investigation and adjustment of claims, as distinguished from the amount of a claimant’s recovery from the insurance carrier under the policy. Unallocated loss expenses are included in off [..]
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Loss expenseThe aggregate net expenses of investigating and adjusting specific claims that are charged directly to the individual claim files. The chief item may be the charges made by independent adjusters.
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Loss expenseGeneral expenses of investigation and adjustment of claims that are of such nature that they cannot be allocated to a specific claim file. The chief items are adjusters’ expenses and a percentage of c [..]
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