loss adjustment

loss adjustment UK US noun [C or U] INSURANCE
a situation in which an insurance company decides how much money it should pay to a person or company whose property is damaged or lost: »

Reducing the number of such accidents just 10% would save Coloradans $50 million in claims and loss adjustment expenses.


Financial and business terms. 2012.

Look at other dictionaries:

  • loss ratio — Terminology of insurers; a ratio arrived at by measuring losses incurred, plus loss adjustment expenses, incurred against premiums earned. See premium earned …   Ballentine's law dictionary

  • Adjustment disorder — Classification and external resources ICD 10 F43.2 ICD 9 309 …   Wikipedia

  • adjustment — I noun abatement of differences, accommodatio, accommodation, accord, accordance, adaptation, agreement, arrangement, attunement, bargain, binding agreement, coaptation, compact, composition, compromise, concurrence, conformance, conformation,… …   Law dictionary

  • Loss ratio — in insurance is the ratio of total losses paid out in claims plus adjustment expenses divided by the total earned premiums. [Harvey Rubin, Dictionary of Insurance Terms, 4th Ed. Baron s Educational Series, 2000] If an insurance company, for… …   Wikipedia

  • adjustment — [ə just′mənt] n. 1. an adjusting or being adjusted 2. a means or device by which parts are adjusted to one another [the adjustment on a micrometer] 3. the settlement of how much is to be paid in cases of loss or claim, as by insurance 4. a… …   English World dictionary

  • Adjustment — (from late Latin ad juxtare , derived from juxta , near, but early confounded with a supposed derivation from Justus , right), regulating, adapting or settling; in commercial law, the settlement of a loss incurred on insured goods. The… …   Wikipedia

  • adjustment disorder — n any of a group of psychological disorders characterized by emotional or behavioral symptoms that occur in response to a specific stressor (as divorce or unemployment) and are either excessive or impair social or occupational functioning and… …   Medical dictionary

  • Loss payee clause — A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party rather than to the… …   Wikipedia

  • Loss Ratio — The difference between the ratios of premiums paid to an insurance company and the claims settled by the company. Loss ratio is the total losses paid by an insurance company in the form of claims. The losses are added to adjustment expenses and… …   Investment dictionary

  • adjustment — An arrangement; a settlement. In the law of insurance, the adjustment of a loss is the ascertainment of its amount and the ratable distribution of it among those liable to pay it. The settling and ascertaining the amount of the indemnity which… …   Black's law dictionary

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