adjuster

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adjuster

(ă-jŭs′tĕr)

A device for holding together the ends of the wire forming a suture.

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In addition to the normal work day, the auto claims adjuster must also be alert to any fraud, since some car owners and vehicle repair shops have been known to defraud insurance companies with fraudulent claims.

Daily responsibilities of an auto claims adjuster

The new law, sponsored by Senate Co-Leader Jeff Klein and Member of the Assembly David Weprin, goes a long way to help consumers understand some of the conflicts involved when a contractor also tries to serve as a public adjuster on the same claim, Bob DAmore, president of the NYPAA stated, adding: "As a result of a series of complaints filed against a single City Island business that was operating as both contractor and public adjuster referring business from one to the other without making disclosure to the consumer and creating a conflict of interest, this legislation was introduced and passed by both houses of the Legislature in one session.

NYPIAA hails Cuomo signature of new law

All Oklahoma licensed public adjusters have been directed to charge their customers fees no greater than 10 percent of total claim settlement.

-Ceiling on fees for public adjuster in Oklahoma

In order to better understand your insurance policy, The Public Adjusters suggest policy holders research their policy so they completely understand what their insurance company is responsible for when awarding claims for property damage.

The Public Adjusters Warn of Hurricane Amnesia

My client had $50k in UM coverage and told the adjuster that she was still treating; the adjuster had no idea of the adverse drivers' coverage, but still decided to ask the insured to sign a UM release.

A bad faith situation

Joiner said having a public adjuster, though, could reduce the number of lawsuits.

Committee considering Public Insurance adjuster bill

Trey Stone, CEO of Houston-based Guardian Equity Management, which owns and operates 3,500 apartments, says he hires a public adjuster for every claim that he estimates to be $50,000 or more, but says smaller owners may want to hire one for claims as small as $ 10,000.

How to maximize insurance claims

In all instances, the figures do not include the amount the policyholder would have to subtract to pay the public adjuster.

Claims audit could spark legislative battle: impacts on the bottom lines at Citizens Property Insurance Corp. and Cat Fund

The bill addresses solicitation and advertising; licensing requirements; right to cancel a public adjuster's contract; permissible fees; creation of a public adjuster apprenticeship program; continuing education requirements; non-resident public adjusters; and prevention of fraudulent claims.

Adjusting to change: pending Florida legislation will change how public adjusters conduct business

Encouraging signs are seen in revamped college recruiting processes and new adjuster training programs.

Taking time to adjust: executives confirm and deny a current shortage of claim adjusters, but all agree the industry is undergoing a major change in how it recruits, trains and retains its troops

More often than not, the adjuster simply doesn't have adequate settlement authority.

Take the initiative with injury claim reserves: help your client's personal injury claims settle faster by giving the insurance adjuster enough information to set adequate claim reserves early

To establish damages CPAs should help the adjuster evaluate losses such as

Work like an insurance company to save money: the subrogation process can help businesses improve their bottom line