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November 27, 2010

ALAE Allocated Loss Adjustment Expense Definition

Term Of The Day – ALAE ALAE is the acronym for  Allocated Loss Adjustment Expense . In Workers Compensation, there are three areas of reserves and loss payments. They are indemnity, medical, and Allocated Loss Adjustment Expenses or just expenses.   Indemnity benefits are defined very specifically.  The lines between medical and

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