GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Nuisance Value

Amount that an insurer will pay to settle a claim that may not be valid or may be of lesser value so as to avoid expensive litigation or the risk of an adverse judicial result or damage to an organization’s reputation. It may also consist of compensation for injured feelings as distinct from financial loss or physical suffering. Also known as a “solatium payment.”