loss adjustment expense (LAE)
Loss adjustment expense (LAE) is the cost of investigating and adjusting losses.
loss adjustment expense (LAE)
Loss adjustment expense (LAE) is the cost of investigating and adjusting losses.
Additional Information
LAEs need not be allocated to a particular claim. If they are allocated to a particular claim, they are called "allocated loss adjustment expenses" (ALAE); otherwise, they are unallocated loss adjustment expenses (ULAE).
