It’s no surprise that insurance companies do not like public adjusters and would rather not have them involved in claims. The Internet is replete with statistics that show how much more carriers end up paying when public adjusters are involved in claims. What is surprising is the lengths carriers will go to in order to keep public adjusters out of the process. I have heard of carriers automatically referring public adjuster claims to their special investigations unit among other tactics. Now, they are just banning the use of public adjusters in the insuring agreement.
Insurance
Lloyd’s of London Prohibiting New Policyholders from Hiring Public Adjusters
February 27, 2019
