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.

References in periodicals archive ?
FSC offers a state-approved, 40-hour online insurance claims adjuster workforce certification program that trains students to investigate claims, review policy information and write detailed reports.
As jobs in the insurance industry go, claims adjusters have a pretty important role to play.
An adequate reserve translates into adequate settlement authority for the claims adjuster. With timely and complete information, even an inexperienced or overworked adjuster can respond appropriately because you will have taken the guesswork out of setting the reserve.
The text orientation is for the training of professional claims adjusters.
That left insurance producers and claims adjusters in the dark on the material changes in coverage created by the exclusions.
Discovering and documenting damages can often take many months, and during this time, you must make sure that the claims adjuster realizes that your case is important and is receiving your office's considered attention.
She is a licensed claims adjuster in Arizona, Florida, Oklahoma, Texas and Wyoming.
The tools do not replace the need for a claims adjuster, given their domain knowledge and intellectual rigor.
VAS is a catastrophic and day to day claims adjuster trade school in Sedona, Arizona.
Just as claims adjusters have a legitimate complaint about unreasonable case loads, so do claims managers, who often are managing the caseloads of multiple adjusters.
Through ContentsExpress, carriers can apply coverage settings and controls that will automatically be applied to each claim filed by claims adjuster staff, including policy rules and limits, coverage settings, payment tracking and depreciation tables.
With 20 years experience in the insurance industry, Wyles began her career as a property and casualty claims adjuster. She later moved on to underwriting medical malpractice and professional liability prior to becoming a broker in 1996.