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Claims Management

7 Posts
1 Sections
1 Types

January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Claims Adjustment Expenses

Insurance Terms Claims Management Claims Adjustment Insurance Claims Claim Expenses Claims Adjustment Expenses Accident and Health Auto Medical Workers' Compensation

Understand what claims adjustment expenses encompass in the insurance industry.

Read more about Claims Adjustment Expenses.

January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Incurred Claims

Insurance Terms Claims Management Incurred Claims Insurance Claims Claims Reserve Paid Claims Incurred Claims Claims Insurance Claims Reserve

Incurred Claims refer to the total amount of loss recorded by an insurance company within a specified period including both paid claims and allocated amounts reserved for unresolved claims.

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Loss Adjustment Expense (LAE)

Insurance Claims Management LAE Loss Adjustment Expense Insurance Claims DCC AO Allocated Loss Adjustment Expense Unallocated Loss Adjustment Expense LAE DCC AO Insurance Glossary Claims Processing

Detailed explanation of Loss Adjustment Expenses in insurance, highlighting different categories and their purposes in claims management.

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Public Adjuster

Insurance Claims Management Public Adjuster Insurance Claims Policyholder Representation Public Adjuster Claims Adjuster Insurance Policy Claims Handling

Understand the role of a public adjuster in insurance claims

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Insurance Law Claims Management Subrogation Insurance Liability Claims Reimbursement Subrogation Insurance Claims Third-Party Liability

Explanation of the insurance concept of subrogation, where an insurer seeks recovery from a third party responsible for causing loss to the insured.

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Subrogation Clause

Insurance Terms Claims Management Subrogation Clause, Policies, Third Party Liability, Insurance Claims Subrogation Insurance Policy Legal Recovery

Explains the subrogation clause in insurance policies, which grants insurers the right to pursue recovery from third parties responsible for losses.

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Unallocated Loss Adjustment Expense (ULAE)

Insurance Terms Claims Management ULAE Insurance Loss Adjustment Expense Claims Management ULAE Loss Adjustment Insurance Claims Expense Management

An overview of what Unallocated Loss Adjustment Expenses (ULAE) encompass in the insurance industry, detailing how they differ from direct loss adjustment expenses and their role in managing insurance claims.

Read more about Unallocated Loss Adjustment Expense (ULAE).