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.
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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.
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.
I was always fascinated by one sign on a second floor window which announced the occupiers to be "average adjusters", conjuring up thoughts of a service to county cricketers, or perhaps they were just adjusters of average ability?
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.
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.
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.
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.
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.