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Loss Adjusters are professionals who work within the insurance industry to assess and settle claims. They are responsible for investigating the cause of a loss, determining the amount of the claim, and negotiating a settlement with the insured. Loss Adjusters are typically employed by insurance companies, but may also be independent contractors.
Loss Adjusters must be knowledgeable in the areas of insurance law, contract law, and the principles of insurance. They must also be familiar with the insurance company's policies and procedures. They must be able to evaluate the facts of a claim and make a fair and reasonable determination of the amount of the claim.
Loss Adjusters must also be able to communicate effectively with the insured, the insurance company, and other parties involved in the claim. They must be able to explain the claim process and the insurance company's policies and procedures. They must also be able to negotiate a settlement that is fair and reasonable to all parties involved.
Some companies in the Loss Adjuster market include Crawford & Company, Sedgwick, Gallagher Bassett, York Risk Services Group, and The Hanover Insurance Group. Show Less Read more