English translation: (insurance) settlement payments; insurance proceeds; insurance indemnities
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Explanation: Compensation paid for claims, as you suggest, can work perfectly; colloquially, 'insurance pay-out' is the standard phrase; as Sven says, it does depend on context and there are other possibilities! Eg "My car was stolen but I got the insurance money".
Explanation: "Insurance claim
A claim for reimbursement from the insurance company when the insured has suffered a loss which is covered under an insurance policy."
as explained in Campbell R. Harvey's Hypertextual Finance Dictionary
Anna Herbst Australia Local time: 10:48 Native speaker of: Swedish, English PRO pts in category: 12