Insurance Claims

  • 5 Posts
  • 1 Sections
  • 1 Types
August 18, 2024 5 min read Dictionary
Adjudication
Legal Financial Adjudication Judgment Legal Ruling Insurance Claims Hearings
A formal legal ruling or judgment, defining the outcome of issues between parties, usually in a courtroom setting.
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August 18, 2024 5 min read Dictionary
Allocated Loss Adjustment Expenses (ALAE)
Finance Insurance ALAE Insurance Claims Cost Management Financial Analysis Risk Management
Understanding Allocated Loss Adjustment Expenses (ALAE) in insurance claim processing
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August 18, 2024 6 min read Dictionary
First Notice of Loss (FNOL)
Insurance Claims Process FNOL Insurance Claims Loss Reporting Claims Process Risk Management
The first step in the claims process where you report a loss to your insurance company.
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August 18, 2024 6 min read Dictionary
Loss Development
Insurance Finance Loss Development Insurance Claims Financial Analysis Estimation Risk Management
Understanding Loss Development in Insurance
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August 18, 2024 5 min read Dictionary
Ultimate Net Loss
Insurance Risk Management Ultimate Net Loss Financial Obligation Insurance Claims Deductible Risk Assessment
The total financial obligation of a party when an insured event occurs, after considering offsets from insurance payments.
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