Insurers say critics’ complaints of poor treatment are mostly unfounded
headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose six fold in the fourth quarter, American International Group’s rose eightfold.
A year and a half after Hurricane Katrina devastated the Gulf Coast, profits at the nation’s major property-casualty insurance companies soared — and are expected to be strong again in 2007, according to estimates by the A.M. Best Co. rating agency.
Read more on As insurance profits soar, consumers gripe over service…
Filed under Information, News by on Apr 7th, 2007. Comment. 
There are many paths taken to become a public adjuster. Many adjusters receive on-the-job training while working for a public adjusting or insurance company. Others pursue a degree in insurance which prepares them for employment in many areas of the insurance industry.
Universities offering programs of Insurance studies:
Appalachian State University
Bradley University
Cal. State Univ., Northridge
Florida State University
Georgia State University
Illinois State University
Illinois Wesleyan
Read more on How do I become a public insurance adjuster…
Filed under Jobs by on Apr 7th, 2007. 1 Comment.
A Merrillville, Indiana woman shared with her former husband a $3.6 million verdict against State Farm Insurance Company which refused to pay the couple after their home burned down in.
The couple’s original claim was for $145,000. They fully cooperated with the police and even passed polygraph tests. While they were cleared as suspects in the blaze and were never charged with any crime, State Farm still refused to pay for the fire loss.
After a seven-day trial, the Insured’s were awarded $145,212 for their home and personal belongings, and in addition, State Farm was ordered to pay $500,000 for showing bad faith and $3,000,000 in punitive damages.
Filed under News by on Apr 6th, 2007. Comment.
The typical fire policy contains hundreds of provisions and stipulations – various forms and riders that are constantly changing and many complex details about your requirements in case of loss. Most people do not know or understand these policy provisions – and most do not realize that the burden of proof is on them, the policyholder. Most insurance company representatives actually prefer to work with an experienced accredited public insurance adjuster rather than an inexperienced insured.
An accredited public insurance adjuster not only has your confidence, but also that of company adjusters who recognize that they are dealing with a professional.
Filed under Information by on Apr 3rd, 2007. 1 Comment.
