Funa said that it is now mandatory for all new applications for license of insurance adjusters
to submit a favorable endorsement from APAC and PILA before they can practice in the Philippines.
The problem isn't that the policy doesn't have contractual ways to work out disagreements nor is it that the company adjuster
and customer shouldn't be able to have a conversation and work out an agreement.
We have to become more outspoken about the value of the position and the rewards people can expect from an adjuster
job and what they can bring to it," said Marianne Petillo, owner of ROM Reinsurance Management Co.
Given the massive array of factual information that an adjuster
must review and analyze, this length of time is not surprising.
The auto claims adjuster
's day is a tough one, but their importance to the insurance industry cannot be overstated.
"Honest, hard working public adjusters
know that this situation was wrong, and were at the forefront of support for this bill's passage," he continued.
"The public adjusters
can work with the insurance company and their adjuster
and give the consumer some confidence that they're being treated fairly," which might avoid a lawsuit, he said.
A contractor can clean the smoke off of the surface of the sheetrock, but a public adjuster
will point out to the insurance company that the smoke odor will never come out of the insulation of the sheetrock, and therefore the sheetrock needs to be replaced.
State auditors found that Citizens' policyholders who hire public adjusters
wind up getting more money for their claims than those without public adjusters
* Encouraging signs are seen in revamped college recruiting processes and new adjuster
When you finally get through to the adjuster
who is handling the claim, you are exasperated by fruitless settlement negotiations because the adjuster
will not budge from an unreasonably low offer.
Either the in-house risk management team or an outside adjuster
should assess the damages as accurately and thoroughly as possible and gather all supporting documentation required to prove the claim.