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 ?
Further, the York-Antwerp Rules' 2004 Rule of Interpretation says: "In the adjustment of general average the following Rules shall apply to the exclusion of any Law and Practice inconsistent therewith" (Association of Average Adjusters 2003-10).
I said at the time that I thought it originally had come from the marine insurance field, where average adjusters were employed to handle the multitude of cargo claims in the ocean marine arena.
The award is supported by the following marine insurance associations: the American Institute of Marine Underwriters (AIMU), the Inland Marine Underwriters Association (IMUA), the International Marine Claims Conference (IMCC), the Marine and Insurance Claims Association (M.I.C.A.), the Association of Average Adjusters of the United States and Canada and the Marine Claims and Recovery Forum.
Association of Average Adjusters, c/o The Baltic Exchange, St.
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.S.