Cat Adjusting as a Profession (Is It For Me?)

Article Archive

Roy 0
From the Article Archive 
Title: Cat Adjusting as a Profession (Is It For Me?)
First Posted: Friday, November 26, 2004
Author: Gary White

My son is now ready to go to college away from home and excluding approximately 21 months in an attempt to try something different in my life as a "financial planner", I have been adjusting, supervising or investigating claims for almost 27 years. By the way, I have worked my share of hail, wind, tornado and hurricane cats for other carriers so I know from whence I speak. Even during the time while I was trying to become a "financial planner", I supplemented my income with adjusting temp jobs and contract adjusting work.

Flooding the Market with Useless Prospects: CAT Adjusters and Training

CADO Admin 0

An opinion by Phillip Crimaldi 

"I’m fairly certain, at least from my own research, that a few things happened somewhere around the post-Katrina era.  First, a handful of hardworking independent adjusters made a bunch of money.  The adjusting companies who had the contracts for those claims made millions, and some of them made successful businesses that continue to provide claim services under catastrophe and structural loss circumstances.  The remaining folks either went belly up or decided to start selling a rather poorly designed training service.  This attracted every Tom, Dick, Harry (and Sally) who wanted to “Get Rich from Adjusting Claims!”.  Storm chasing contractors and adjusters came out of the wood-work after spending their savings, assuming they could also make a lot of money.  The percentage of catastrophe claims is way down and the story goes the market is now flooded with a bunch of folks who preach their ability to adjust claims by merely taking a software estimating class and passing Texas or southern license exams which really don’t encompass the business of adjusting.  Some are smart enough to suggest they would be willing to shadow for a claim or two, but most of those folks literally have palm trees on their resume heading, as if they’re already on retirement island!  The rest seem to be convinced they are “ready to go”, and all of them want to be “deployed” on some sort of “roster”, yesterday.  Who knows where these terms even surfaced. - See more at: http://independent-adjuster.com/flooding-the-market-cat-adjusters-training/1243/#sthash.K8QwERg6.dpuf 

House Fire--A simulated claim for discussion

Source: Forum Post Started by Racko on 9/19/2006

CADO Admin 0

 To kill some time in this lull period & spread some knowledge, here is the scenario (or scenarios) as you see fit to make it. I will lay out the limited info as follows, and let's see where it goes.

Heavy fire loss occurs in a single family dwelling. Cov is HO-3, no issues with eff dates. Insureds have just left home about 6:00 p.m., a couple hours before fire breaks out and is discovered. High winds fan the flames and each house on either side sustain heat/smoke damage before the fire is brought under control. Let's say both neighboring houses now have some melted vinyl siding, one sided 2 years ago and the other 12 years ago. The elderly neighbor next door initially beat on the insured's door trying to see if they were OK, and burned his hand. He then rushed home to get his wheelchair bound wife out of their house, but she spends a week in the hospital with smoke inhalation related complications.

The insureds are a young couple, both smokers, with a 6 year old son. They just moved in about 2 years ago, only work in the house since they came was replacing the kitchen flooring, and adding a center island with a new cooktop on it. These were professionally installed within the past 6 months.

IKE LOSSES MAY PUT A MAJOR STRAIN ON TWIA

Roy 0

State-run insurer of last resort bears much of coastal cost

By Mary Williams Walsh
© 2008 The New York Times,
Reproduced under license from
the Copyright Clearance Center

Hurricane Ike caused as much as $16 billion in property damage, by some estimates, but the state-led insurance pool that will ...

Quick Tip - Xactimate v25: Adjusting O&P Per Claim

Roy 4

In this quick tip we cover issues related to Overhead & Profit (O&P) that you may encounter in the field.  Some clients may request that you handle O&P in a different way then what your current default settings allow.  In those cases you may only wish to change the settings on a selected file instead of changing your system setup. 

Common Estimating Errors

Roy 0

By John Postava;  First posted in the forum.

"They say there have been more mistakes made by computers than Tequila and Hand Guns combined.  That being said, with the help of one of the top trainers at Vale National Training Center we published a white paper on what we feel are some of the top ...

What are they saying about us

Roy 3
Recent articles published by Bloomberg a copy of which I've posted in the forums completely disparage the work we do. We are seen as mere puppets who foolishly obey our carrier and vendor masters with no forethought or ethics.

View From the Slough, Too - The Art and Science of Branch Assist

Medulus 4
View From the Slough, Too
The Art and Science of Branch Assist
By Steve Ebner (Medulus@aol.com)
 
I originally wrote this article back in 2001, and hundred of people read it on CADO, but at some point the link to the article became bad. So, for years I have not even been able to access it. I thought the article was lost for good until I recently discovered it on an old backup data disk. Because the conditions in catadjusting in 2001 and 2007 are so similar, I thought it would be a good time to update and revise the article to make it more current and to repost it on CADO. I know there is a danger of sharing too many secrets about how to get by in this business, especially when so many thousands have been added to our ranks with the storms of 2004 and 2005. But it is mainly those with experience and knowledge that will be able to benefit from this information. And I have always been willing to help those who deserve to be helped.
 

Using the Square Break tool to add roof extensions

Roy 7
Have you ever seen an estimate tree in Xactimate where the roof section is listed as Roof1, Roof2, Roof3 and so on? Well in most cases this occurs when the estimate writer uses the "roof icon" or the f key to add the extensions to the main roof diagram in Sketch, when a better option would be to use the "Square Break" tool to add extensions to the roof.

The “Killer” amongst us.

A article by Dave Hood

CADO Admin 0

 There are many ways to approach the demise of the catastrophe adjuster.

   1) The fatal auto accident.

   2) The falling off the roof.

  3) The stroke

  4) The heart attack

Many of the above are related to the difficult and lengthily work hours we endure to provide our services to those that require them, as well as to provide for our families.

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