Expenses in Addition to Limits and Facultative Certificates

[Mr. Hall is a former law firm partner, a former insurance and reinsurance executive and acts as an expert witness and insurance consultant as well as an arbitrator and mediator of insurance and reinsurance disputes. The views expressed in this article are those of the author and do not reflect the view of his clients. Copyright 2010 by the author. Other articles by and background on the author are available at robertmhall.com.]

I. Introduction

It is custom and practice in the property and casualty industry to pay allocated loss adjustment expenses in addition to limits unless otherwise specifically stated.