Adjuster

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Adjuster

A person appointed or employed to settle or arrange matters that are in dispute; one who determines the amount to be paid on a claim.

An insurance adjuster determines the extent of the insurance company's liability when a claim is submitted. A public adjuster is a self-employed person who is hired by litigants to determine or settle the amount of a claim or debt.

adjuster

n. an employee (usually a non-lawyer) of an insurance company or a adjustment firm employed by an insurance company to negotiate an early settlement of a claim for damages against a person, a business or public body (like a city). While a fair and responsible adjuster can serve a real purpose in getting information and evaluating the case for the insurance company, some adjusters try to make a settlement before the injured person has retained an attorney ("don't worry, we'll pay your bills. You don't need an attorney. He'll only confuse things."), get a statement from the injured without counsel, or delay the payout with the promise he/she will negotiate any reasonable demand, and then making an offer of payment that is absurdly low. Some insurance companies try to make the attorney deal with the adjuster which is cheaper than sending the case to defense attorneys. Adjusters also represent the company in approving settlements.

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The public adjuster. The friend says that her public adjuster got her so much more money than the company offered.

Notes on Public Adjusters

Rebecca Wheeling, vice president of the National Association of Catastrophe Adjusters, became an adjuster in her mid-30s.

Making Adjustments: Soon more claims adjuster jobs will be available than professionals to fill them, leaving insurers scrambling to fill the gap

The tools do not replace the need for a claims adjuster, given their domain knowledge and intellectual rigor.

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The new law is designed to require disclosure of any relationships or referral fees between the adjusters and the contractor to avoid any inappropriate conflicts of interest.

NYPIAA hails Cuomo signature of new law

"The public adjuster, obviously, has to be paid by somebody," said Wayne White, the executive vice president for Farmers Union Mutual in Bryant and a board member of the National Association of Mutual Insurance Companies.

Committee considering Public Insurance adjuster bill

A public adjuster can determine the potential pitfalls and hurdles of the claim, and potentially make up for losses to exclusions with more accurate damage claims.

How to maximize insurance claims

Perhaps the crux of the issue is not whether there is or isn't a shortage, but that all the major players affirm there is a changed environment for the claim adjuster.

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

Results like this usually can't be blamed on the adjuster's failure to understand the claim's settlement value.

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

At the same time, the poll acknowledged two key developments; the emergence of the so-called Toronto new wave (represented by Patricia Rozema's I've Heard the Mermaids Singing and Atom Egoyan's The Adjuster) and the prominence of Quebecois director Denys Arcand, who enjoyed the rare distinction of having two films included in the Top 10.

Canada's top 10 films of all time

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