Association of Average Adjusters (AAA) - Financial definition
Financial acronyms
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Country
: United Kingdom
Concise definition of the term Association of Average Adjusters
The Association of Average Adjusters is a company based in the United Kingdom that promotes professional standards and correct principles in the adjustment of marine claims by ensuring, through examination or otherwise, that those entering into membership possess a high level of expertise.
Comprehensive definition of the term Association of Average Adjusters
Average adjusters are experts in maritime law and insurance who assess and determine the extent of damage or loss to ships, cargo, or freight. They specialize in calculating average or proportional losses and play a crucial role in maritime insurance claims.