Search
 

Is Adjusting Back in Business?

Until the early 1980s, this publication was known as Insurance Adjuster magazine. Even those of us who were independent adjusters at the time worked primarily for insurance companies and were comfortable with that title.

By Ken Brownlee | Updated on August 22, 2005

Until the early 1980s, this publication was known as Insurance Adjuster magazine. Even those of us who were independent adjusters at the time worked primarily for insurance companies and were comfortable with that title.

In the late 1970s and early 1980s, however, perhaps due in large part to inflation of insurance premiums and legal costs, many businesses began to use various forms of self funding. They sought the services of firms that could handle their claims directly as they, the insured or self-insured entity, desired. They could purchase such services from insurance companies directly in what was termed unbundled services (loss control, actuarial services, risk management information systems, and claim adjusting without the benefit of a first dollar insurance coverage), from one of a large number of brokerage firms, or from independent adjusting companies who began calling themselves by the health coverage industry term third party administrators.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.