Search
 

Are your adjusters getting proper training?

The elimination of training programs for a professional claims staff is an example of being penny wise and pound foolish.

By Barry Zalma, Esq., CFE | Updated on January 12, 2016

The business of insurance, in recent years, has attempted to reduce expenses by eliminating training programs to produce and maintain a professional claims staff. The expense reduction efforts are a perfect example of penny wise and pound foolish.

Insurance contracts are nothing more than a group of promises to the insured. The insurer promises that in the event of a loss to the insured’s property it will pay to repair or replace the property with material of like kind and quality. The insurer promises that in the event a claim is made where the insured caused someone injury, it will protect the insured and, if necessary, will defend the insured against the allegations and if the insured is found liable, it will indemnify him or her.

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.

Dig Deeper

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.