Loss Adjustment Expense (LAE) expected payments for costs to be incurred in connection with the adjustment and recording of losses. Can be classified into two broad categories: Defense and Cost Containment (DCC) and Adjusting and Other (AO). Can also be separated into (Allocated Loss Adjustment Expense) and (Unallocated Loss Adjustment Expense for ratemaking purposes. What is Loss Adjustment Expense (LAE) , What does mean Loss Adjustment Expense (LAE) , Insurance Guide, Insurance Glossary
Travel Coverage covers financial loss due to trip cancellation/interruption; lost or damaged baggage; trip or baggage delays; missed connections and/or changes... more