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Arbitration Articles, Presentations and Reports

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Norton Rose Fulbright's 7th International Arbitration Report, October 2016
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From The Glossary »

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Loss:

The liability incurred, or the damage suffered by a claimant. The event of the liability, or loss, is the basis for the amount which the claimant seeks to recover from the insurer. Such terms as ‘losses incurred’ and ‘losses paid’ refer to the aggregate amounts of the losses incurred or paid by an insurer.
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