Can you think about a situation the place a public adjusting agency acquires an engineering firm after which hires these engineers to find out the reason for a loss? Would any impartial adjuster, firm adjuster, or insurance coverage firm legal professional readily settle for the knowledgeable opinions supplied by that engineering firm? The reply is clearly ‘no.’
So, why ought to policyholders be compelled to simply accept engineering opinions from corporations owned, instantly or not directly, by impartial adjusters? Surprisingly, there are a number of bigger impartial adjusting corporations which have bought engineering corporations and subsequently depend on them to provide studies on losses.
HAAG, then again, doesn’t face this explicit problem. During a dialog with Lori Hall at HAAG’s sales space on the Windstorm Conference, it was evident that she takes pleasure in highlighting HAAG as an employee-owned firm. While I’ve expressed my opinions about HAAG’s work previously, it’s price noting that the corporate has stood the check of time and isn’t managed or purchased out by impartial adjustment corporations.
So, the query stays: Can anybody clarify why and the way impartial adjusters hiring opinions from their in-house engineers doesn’t elevate considerations about potential bias and a predisposition in the direction of particular outcomes within the claims adjusting course of?
Thought For The Day
To know what is correct and never do it’s the worst cowardice.
—Confucius