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Employment
Adjusters, appraisers, examiners, and investigators held about 263,000 jobs in 2004. Only 5 percent of these jobs were held by auto damage insurance appraisers. Insurance carriers, agencies, brokerages, and related industries, such as private claims adjusting companies, employed more than 8 out of 10 claims adjusters, appraisers, examiners, and investigators. Relatively few adjusters, appraisers, examiners, and investigators were self-employed.
Earnings
Earnings of claims adjusters, appraisers, examiners, and investigators vary significantly. Median annual earnings were $44,220 in May 2004. The middle 50 percent earned between $33,900 and $57,410. The lowest 10 percent earned less than $27,220, and the highest 10 percent earned more than $72,620. Many claims adjusters, especially those who work for insurance companies, receive additional bonuses or benefits as part of their job. Adjusters often are furnished a laptop computer, a cellular telephone, and a company car or are reimbursed for the use of their own vehicle for business purposes. Median annual earnings of auto damage insurance appraisers were $45,330 in May 2004. The middle 50 percent earned between $37,210 and $54,280. The lowest 10 percent earned less than $29,550, and the highest 10 percent earned more than $63,220.
Related Occupations
Property-casualty insurance adjusters and life and health insurance examiners must determine the validity of a claim and negotiate a settlement. They also are responsible for determining how much to reimburse the client. Occupations similar to those of claims adjusters, appraisers, examiners, and investigators include cost estimators; bill and account collectors; medical records and health information technicians; billing and posting clerks; credit authorizers, checkers, and clerks; and bookkeeping, accounting, and auditing clerks. In determining the validity of a claim, insurance adjusters must inspect the damage in order to assess the magnitude of the loss. Workers who perform similar duties include fire inspectors and investigators and construction and building inspectors. To ensure that company practices and procedures are followed, property and casualty examiners review insurance claims to which a claims adjuster has already proposed a settlement. Others in occupations that review documents for accuracy and compliance with a given set of rules and regulations are tax examiners, collectors, and revenue agents, as well as accountants and auditors. Insurance investigators detect and investigate fraudulent claims and criminal activity. Their work is similar to that of private detectives and investigators. Like automotive body and related repairers and automotive service technicians and mechanics, auto damage appraisers must be familiar with the structure and functions of various automobiles and their parts.
Common Lay Titles
Case Manager
Check Examiner
Claim Auditor
Claims Account Manager
Claims Account Specialist
Claims Adjuster
Claims Analyst
Claims Auditor
Claims Director
Claims Examiner
Claims Manager
Claims Representative
Claims Specialist
Claims Supervisor
Claims Vice President
Customer Care Specialist
Home Office Claim Specialist
Insurance Auditor
Insurance Examiner
Liability Claims Manager
Liability Claims Representative
Litigation Examiner
Property Damage Claims Adjustor
Reinsurance Claim Analyst
Workers Compensation Claims Examiner
Workers Compensation Examiner
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Schools Offering Degrees for
Claims Examiners, Property and Casualty Insurance |
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Career
Assessment
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