Are you able to think about a state of affairs 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 offered by that engineering firm? The reply is clearly ‘no.’
So, why ought to policyholders be compelled to just accept engineering opinions from companies owned, straight or not directly, by impartial adjusters? Surprisingly, there are a number of bigger impartial adjusting companies which have bought engineering corporations and subsequently depend on them to supply studies on losses.
HAAG, however, doesn’t face this specific problem. Throughout a dialog with Lori Corridor at HAAG’s sales space on the Windstorm Convention, it was evident that she takes pleasure in highlighting HAAG as an employee-owned firm. Whereas I’ve expressed my opinions about HAAG’s work previously, it’s value noting that the corporate has stood the take a look at of time and isn’t managed or purchased out by impartial adjustment companies.
So, the query stays: Can anybody clarify why and the way impartial adjusters hiring opinions from their in-house engineers doesn’t increase 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 true and never do it’s the worst cowardice.
—Confucius
