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 ?
Odd as that may seem, most claims are adjusted via the insertion, usually by reference, of the York-Antwerp Rules (Association of Average Adjusters 2003-10) into ocean bills of lading, contracts of affreightment, other contracts of carriage, and marine insurance policies.
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.
They include several examples of marine insurance clauses, the Rules of Practice of Association of Average Adjusters of the United States, the Rules of Practice for the American Great Lakes (for both the U.
He is an active member of The International Association of Claims Professionals, The City Forum, The London Market Claims Council and the Association of Average Adjusters, as well as a number of Lloyd's committees.
8 -- Association of Average Adjusters, Annual General Meeting and Dinner, Savoy Hotel, London.
Both authors are fellows of the Association of Average Adjusters and have been chairmen of the association in the course of their careers.