What Does Loss Loading Mean?

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What does Loss Loading mean? Read on to discover the definition & meaning of the term Loss Loading - to help you better understand the language used in insurance policies.

Loss Loading

Loss Loading

A factor applied to pure loss costs or expected losses to produce a premium rate. The multiplier is applied to an account for insurer overhead, profit, and contingencies that are in addition to anticipated loss amounts.

We hope the you have a better understanding of the meaning of Loss Loading.

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