The Role of the Public Adjuster in the Insurance Industry

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The Role of the Public Adjuster in the Insurance
Industry
I am grateful to my University for teaching me
the basics of business management and ?nancial
analysis. Some years ago, after my wife and I
founded Brown OHaver, I approached my Alma
Mater, Weber State University, in Ogden, Utah
with an idea. Working together, we set up a
scholarship program for the student or students
who would pen the best essay each year. I got the
opportunity to grade the essays.
What an experience this has been!
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I receive the essays without knowing the name,
gender, age, religion or national origin of the
student. From there we determine the winner.
Reading the essays blind ensures there is no bias
in deciding the winner. Last year there were two
winners, both women from another country at the
school with a student visa. This year there are
some very good essays and I will post the winner
to this blog, just as soon as the school
discloses who that person is. In the meantime,
here are a few excerpts from the essays
submitted this year A public adjuster is a
state licensed insurance professional that
specializes in managing every aspect of an
insurance claim on the behalf of the
policyholder. Public insurance adjusters provide
services of negotiating or adjusting insurance
claims. Public adjusters are a type of claim
adjuster that are individually licensed and
hired by the insurance policyholder. Simply put,
they represent the general public and adjust
claims to eect settlements. Despite race,
religion, gender, age people all over the world
may be hit by natural disasters or other
property damage. Recovering from such a loss can
be a costly process. Many of these people are
insured but dont always believe their insurance
companies will work in their best interest to
help them recover their losses. There is a
measure these individuals can take to ensure they
have an advocate on their side hire a public
adjuster.
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Public adjusters can provide a tremendous value
to policyholders, whether they are individual
homeowners or corporations, everyone can bene?t
and this can keep insurance companies honest
and, in the long-term, can provide ethical
standards an industry which is often accused of
not always being ethical. I believe the most
important thing for public adjusters is to make
their services more well known to the general
public at large since I believe this is still a
profession many are not even aware of. In
conclusion, the role of a Public Adjuster is to
specialize in managing insurance claims, while
also becoming competent in communication,
analytical, and mathematical skills. The stresses
associated with working as an adjuster may not
be for everyone, but the rewards from working
hard in the role can be plentiful. Adjusters
play an important role in serving those who are
in need of their expertise during the hardships
that life may present. The name of the winner of
the 2020 scholarship should be revealed next
month.