An internationally-recognized commercial loss adjusting firm spent significant amounts of management time, not to mention dollars, in an effort to recruit highly experienced, and highly compensated, senior adjusters for their planned growth strategy. Finally successful in capturing two solid prospects, Sam and Dave, the trade press was notified and both individuals were brought aboard with high expectations and plenty of buzz. Twelve months later, Sam was doing great and delivering more results than expected, and had lots of happy clients. Dave, however, had resigned after just nine months on the job.
Nothing too unusual, but why do two individuals, each with similar backgrounds, credentials, and earnings history, deliver such different results? After all, the same management team recruited them both, each received nearly identical pay and benefits packages, and they even worked through the same branch office. They were mature, career adjusting professionals; what went right for Sam and wrong for Dave?
Before putting on our psychiatrists' hats, we should take a closer look at the elements of the trade we call professional claim adjusting, and consider some of the factors that might have contributed to Sam's success in his new post, while causing Dave to quit prematurely.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.