Allocated loss adjustment expenses refer to those expenses incurred that cannot be readily identified to a specific claim or file.
What does ALAE stand for?
ALAE stands for Allocated Loss Adjustment Expense
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
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We have 4 other meanings of ALAE in our Acronym Attic
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Samples in periodicals archive:
The intent of the reinsurance provided by the captive was to reinsure nearly 100% of all indemnity and allocated loss adjustment expense for the parent's risk, yet the captive contested the contract on the basis of ambiguous language.
Among the factors that should be considered in average claim cost comparisons is allocated loss adjustment expense (ALAE), which is defined as an expense that can be clearly assigned to an individual claim.
Typically, legal expenses are the largest component of allocated loss adjustment expenses.