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be a licensed agent, broker, adjuster, or solicitor, or; have at least two years of full-time experience in the insurance industry or as a risk management practitioner, or; have served as a full-time insurance faculty member at an accredited college or university; As of December 2012, there were 30,986 active CIC designees.
The adjuster’s role includes inspecting the property, evaluating the damage, and calculating the appropriate compensation or settlement that the insurance company should provide.
How an insurance adjuster gets paid depends on the type of adjuster they are. Company adjusters are typically on a fixed salary from the insurance company and may also get an annual bonus, such as ...
The company is based in Atlanta, Georgia with clients in more than 70 countries. Jim Crawford, formerly an insurance company claims manager, founded Crawford & Company in 1941. [3] After opening the first Crawford office in Columbus, Georgia on May 27, 1941, he expanded operations across the United States. These offices handled casualty and ...
An insurance policy may or may not cover the costs associated with water damage and the process of water damage restoration. While a common cause of residential water damage is often the failure of a sump pump, many homeowner's insurance policies do not cover the associated costs without an addendum which adds to the monthly premium of the policy.
Course content for an advanced certificate is set forth through a variety of sources i.e. faculty, committee, instructors, and other subject matter experts in a related field. The end goal of an advanced professional certificate is so that professionals may demonstrate knowledge of course content at the end of a set period in time.
An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and ...
The institute offers qualifying examinations that cover insurance law, claims procedure, report writing and loss adjustment. Those who pass these examinations may then be elevated to different levels dependent upon their qualification. The first objective of the institute is the study of the profession. [3]