Monday, November 2, 2015

Public Adjusters Entitled to Fee Even After Claim Settles in Litigation

Originally published by Chip Merlin.

Public adjusters provide valuable services to policyholders. Even if a claim goes to litigation because of denial or disagreement, the public adjuster’s contract is still valid. A New York case decided yesterday, Public Adjustment Bureau, Inc. v. Greater New York Mutual Insurance Company,1 supports my point of view.
In that case, the court noted some history of the public adjusting profession:

The work of public adjusters is not widely known about. “[M]any consumers, and even a few insurance analysts, are generally unaware of their existence because most public adjusters do not advertise” (Julie Edelson Halpert, “Personal Business; In the Insurance Maze, Adjusters are Selling a Map,” New York Times, Business Day, June 24, 2001, available at http://ift.tt/1WoOcBI business-in-the-insurance-maze-adjusters-are-selling-a- map.html).

The profession of public adjusting has come a long way from its earliest stages, at least as far back…

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