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Oil Spill and Adjuster Supply

As we enter the middle portion of the 2010 hurricane season, we find ourselves faced with another issue to add to the post-oil spill mix: Will there be enough adjusters to handle a large catastrophic event when, and if, the need arises?

By Mary Anne Medina | Updated on August 22, 2010

Since April 20, 2010, when the Deepwater Horizon oil rig exploded and began to gush millions of gallons of oil into the Gulf of Mexico, we have been bombarded with information on the latest issues and events as they occur. For those of us in the insurance industry, it has provided an unprecedented event for which to develop an understanding of risk, coverages, claims, and litigation.

Now as we enter the middle portion of the 2010 hurricane season, we find ourselves faced with another issue to add to the mix: the possibility of a hurricane occurring amidst the oil spill. One of the greatest concerns being discussed within carriers and independents is the issue of having enough adjusters to handle a large catastrophic event when, and if, the need arises.

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