However, there are also what we call loss adjustment expenses. (lawyerist.com)
(3) Average amount paid per claim; based on accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims. (iii.org)
Now if you would have looked on the last 10 - K on page 296 for item 8, note 12, you would note that AIG's reserving remained weak for 2014 and 2015 as losses and loss adjustment expenses incurred for the business of prior years continued positive. (alephblog.com)