There are a number of pressures on independent adjusters
to under-report and it's not nefarious.
After registering, the emergency adjusters
are authorized to work in Connecticut for 120 days, a term that can be extended by the insurance commissioner if warranted.
The inventor of the Hanging Basket Adjusters
now seeks a third party licensee to manufacture, market, and distribute the product for him under a royalty agreement.
A public adjuster
acts on behalf of the insured in negotiating or settling a property claim for compensation.
He said that if the bill did pass, public adjusters
would need to be regulated.
A contractor can clean the smoke off of the surface of the sheetrock, but a public adjuster
will point out to the insurance company that the smoke odor will never come out of the insulation of the sheetrock, and therefore the sheetrock needs to be replaced.
Still, the audit findings could provide ammunition for another legislative battle between public adjusters
and the insurance industry.
, which is headquartered in Bahrain, provides specialist adjusting services across the Middle East region.
Hurricane Katrina stretched the adjuster
pool to its limits, and put a spotlight on the differences between adjusters
employed by insurance companies versus independent adjusting firms.
When you finally get through to the adjuster
who is handling the claim, you are exasperated by fruitless settlement negotiations because the adjuster
will not budge from an unreasonably low offer.
In addition to the company's corporate accounting department or CPA firm, players assembled or waiting in the wings should include in-house counsel or the company's outside law firm, forensic consultants, insurance adjusters
(even for self-insured losses which must be "adjusted" for accounting and tax purposes) and experienced recovery counsel who can lead the team's overall efforts.
Crushed fenders and twisted car frames, grease fires and faulty wiring are just routine at Farmers Insurance's new training center for claims adjusters
, exposing students to almost anything they'll encounter in the field.