loss adjustment
noun[CorU]
INSURANCEukusasituationin which aninsurancecompanydecideshow muchmoneyit shouldpayto apersonorcompanywhosepropertyisdamagedorlost:
Reducing thenumberof suchaccidentsjust 10% wouldsaveColoradans $50 million inclaimsandlossadjustmentexpenses.