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 are the ultimate road warriors.
Although the text is must reading for an individual interested in a profession as a claims adjuster, it misses its target audience by not giving enough clear cut illustrations of actual case studies.
We've designed our new web site to serve as a knowledge base for insurance carriers and claims adjusters to find the information, resources and solutions they need to improve every aspect of contents claims accuracy and customer service," said Jon McNeill, Enservio's CEO.
There are three ways to resolve this problem: 1) Educate claims adjusters.
Among CSC's new mobile apps is the industry's first tablet app for an insurance claims adjuster, 2Work for Adjusters, which has been initially built for the highly anticipated BlackBerry[R] PlayBook[TM] tablet.
Or, is the claims adjuster "sitting" on the file, merely awaiting the attorney's "package of specials"?
It all began with a scenario that is all too familiar to commercial crime underwriters and claims adjusters.
Before new adjusters take the class, they follow experienced claims adjusters through the process to learn field techniques.
There's now a huge demand for bilingual claims adjusters in Puerto Rico to assist the largely Spanish speaking population, said Constancio.
As for other industry subsectors, reinsurers added 100 jobs in December, and claims adjusters gained 400 jobs.
Attitude and Initiative Training for Claims Adjusters
For example, immediately following Andrew the most severely damaged areas were cordoned off for security reasons, preventing claims adjusters from getting to their policyholders' homes.