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.

adjuster

noun arbitrater, interagent, interceder, interlocutor, intermediary, intermediate, intermedium, intervener, mediator, negotiant, reconciler
References in periodicals archive ?
Auto claims adjusters evaluate insurance claims and decide whether or not the insurer ought to pay a claim, and if so, how much.
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.
He said the public adjuster was going to be paid by the consumer, which would reduce the amount of the claim.
Still, the audit findings could provide ammunition for another legislative battle between public adjusters and the insurance industry.
Therefore, the bill requires a newly created licensing exam for public adjusters, and a separate exam for licensure as an independent or insurer-employed adjuster.
What we noticed during Katrina was the industry hit the bottom of the adjuster pool in nothing flat," says Bill Beach, senior vice president of training at third-party administrator Crawford & Co.
In addition to the company's corporate accounting department or CPA firm, players assembled or waiting in the wings should include in-house counsel or the company's outside law firm, forensic consultants, insurance adjusters (even for self-insured losses which must be "adjusted" for accounting and tax purposes) and experienced recovery counsel who can lead the team's overall efforts.
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Using the models, trainers show new adjusters how to anticipate, recognize and estimate monetary values for all kinds of damage.
In most instances, a claims adjuster will visit your camp to investigate, if preliminary information shows potential for liability.
Insurance companies have the experience gained from handling millions of claims and send their insurance adjuster to watch out for the financial interests of the insurance company.