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Public adjusters are not employed by the insurance company and third parties used to help settle claims on behalf of policyholders, but you are generally responsible for paying the costs ...
Independent adjusters are assigned when an insurance company chooses to contract with them, but your policy provider may also have in-house adjusters who can be assigned to a claim. Public ...
Some fraud rings involve insurance claims adjusters who authorize payment on the claims. [21] In the UK, the Association of Chief Police Officers estimated that 30,000 auto accidents were staged in 2009. [22] Insurance fraud may also include such actions as a pedestrian jumping in front of a car, then seeking compensation for claimed injuries. [23]
This term is also now commonly used in commercial general liability (CGL) policies or so called "casualty" business. In these instances, the liability policies are written with a large (in excess of $50,000) self-insured retention (SIR) that operates somewhat like a deductible, but rather than being paid at the end of a claim (when a loss payment is made to a claimant), the money is paid up ...
Insurance Claims Expert / Insurance Claims Expert Prof./ Practitioner: ICE; ICEP Litigation Specialist / Litigation Consultant: LS-LC Legal Principles Claims Specialist: LPCS Master General Adjuster: MGA Master Public Adjuster: MPA Property Claims Law Associate: PCLA Property General Adjuster: PGA Registered General Adjuster: RGA
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