Average Adjuster


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Average Adjuster

A person or company hired by an insurer to determine whether and how to pay a loss claimed on a maritime insurance policy. See also: General Average, Particular Average.
References in periodicals archive ?
After the adjustment is completed by the Average Adjuster, it is possible that legal proceedings may be commenced by an interested party to seek the adjustment by KSA Courts or an arbitration tribunal, and also to obtain effective enforcement of such on the defaulting party.
If future PACE sites exhibit similar enrollment profiles as existing sites, then the average adjuster should be greater than 183 percent.
Both authors are fellows of the Association of Average Adjusters and have been chairmen of the association in the course of their careers.
Buglass states that the Association of Average Adjusters of the United States "was established in 1879 to 'maintain the honor and dignity of the profession of average adjusting.
Who was the marine surveyor or average adjuster who settled with the owners of the Edmund Fitzgerald when that Great Lakes ore boat sank in the waters of Lake Superior Nov.
The competency of the average adjuster has continually deteriorated since then.
Though much of the minutiae of these analytical methods is well beyond the depth of the average adjuster, that does not mean adjusters should step aside during the testing.
Craig has served as AIMU's liaison to marine organizations such as the International Union of Marine Insurance, Association of Average Adjusters of the United States and Canada, Marine Insurance Claims Association, Maritime Law Association, National Cargo Bureau and the American Bureau of Shipping.
Ablett he is a member of the American Bureau of Shipping, National Cargo Bureau, Maritime Law Association, Association of Average Adjusters of the United States and Canada and The Society of CPCU.
The following are the authors' understanding of the conditions that must pertain for a general average act to exist (Association of Average Adjusters 2003-10; Star of Hope 1869).
The Association corresponds with the Fire Protection Association, London, the Association of Average Adjusters, London Association of British Insurers & the International Underwriters Association of London and it also receives valuable advices and guidance based on their world wide experience and connections.
Barnes is a non-lawyer member of the Maritime Law Association of the United States and the Canadian Maritime Law Association, and a resident associate member of the Association of Average Adjusters of the United States and Canada.