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The A’s and B’s of P&C
The property and casualty industry, or P&C industry as it is commonly called, provides insurance protection for two important types of business. Property insurance coverage protects a policyholder against losses to property they own. For example, the insurance you purchase that will pay you for repairs to your home or car is property coverage. Coverage…
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The Impact of Storms on Claims
Insurers spend a great deal of time and money attempting to predict the severity and frequency of hurricane activity. Hurricanes cost the insurance industry billions of dollars when they hit. Fortunately, they do not hit every year, and in fact, it has been quite some time since a significant hurricane has hit. The worst in…
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The Aging Workforce in Claims
The consulting firm of McKinsey & Company estimates that the average age of an insurance agent in the United States as of 2015 is 59 years old. This means that a large part of these professionals will be exiting the industry in just about six years. Insurance agents are different from insurance adjusters; but the…
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On The Job Training
Some of the best lessons that professional claims people ever acquire are learned from actually performing as an adjuster. On-the-job experience is often the most efficient way to gain vast knowledge in a short amount of time.
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Insurance Industry Education Sources
If you are considering industry resources for education, one of the most common outlets for this is an organization known as The Institutes. The Institutes is an organization with the goal to provide targeted training tools to industry professionals. They provide a series of insurance-related designations, such as Chartered Property Casualty Underwriter (CPCU) and Associate…
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Education and Experience
Requirements for Property Adjusters Establishing a career as a property adjuster requires adequate planning, just like any other career. But, most professionals who enter the field of property adjusting have gotten there via a rather indirect route. It is important to understand some of the educational requirements you might need to enter the field of…
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Knowing your own bottom line
Negotiations are the key to any settlement in any business transaction. The “bottom line” is the either the maximum or minimum value that will be accepted in a given situation. The bottom line changes as the negotiation events change in a given scenario. Company policies and parameters are also in play during a negotiation, so…
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What Does A Liability Insurance Adjuster Do?
A liability insurance adjuster must be well versed in many facets of insurance and legal issues. They must also be able to investigate and determine liability. Ultimately, the liability adjuster must represent the insurance company in a way that offers defense and indemnification for an insured person who may be subject to a claim against…
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Insurance Loss Adjuster’s Role
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