Adjuster

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Related to adjusters: claims adjuster

Adjuster

A person who investigates a claim on an insurance policy. That is, an adjuster observes any damage, consults police reports and/or hospital records, and generally ensures that an event occurred the way it was said to have occurred. Adjusters may work for a policyholder (in which case they have an incentive to see a claim paid), an insurance company (in which case they have an incentive to see a claim denied), or some other interested party.
References in periodicals archive ?
"This new requirement will ensure that integrity, honesty and ethical business practices are observed in the insurance adjuster business in the country," Funa said.
I will allow that there are times when company adjusters spend more time looking for ways to minimize or deny claims.
Harvey, followed by Hurricane Irma a month later, led to a critical shortage of claims adjusters, forcing carriers for the first time to publish their fee schedules to entice adjusters to work for them, said Dave Kaltenbach, owner of 2021 Training, a Texas-based online claims adjuster licensing program.
In their work, adjusters and SIU investigators review a vast array of historical and current data.
With this crazy work schedule, and all of these considerations, it is no surprise that time management can be a challenge for many auto claims adjusters. Adjusters can achieve a proper balance in life by:
Fire losses uploaded by staff adjusters were the highest estimates with an average value of $46,363, but the number was still 10% lower than the 2013 figure of $52,012.
"Honest, hard working public adjusters know that this situation was wrong, and were at the forefront of support for this bill's passage," he continued.
The notification came following inquiries regarding use of public adjusters to negotiate fees, said the Oklahoma Insurance Department.
Her carrier's adjuster came out to the client's home four days after the Friday accident.
The bill would create a new licensed profession for public adjusters, who would work for the policyholder, said Steve Joiner, an attorney and lobbyist for the National Association of Public Insurance Adjusters, which supports the bill.
State auditors found that Citizens' policyholders who hire public adjusters wind up getting more money for their claims than those without public adjusters.