EFI Global

Shortage Of Independent Adjusters Leads To Highest Fees Ever Paid

 Monday, September 18, 2017

 Insurance Business Magazine

Independent adjusters in Florida might have their work cut out for them — with numerous Hurricane Irma-related claims being filed — but they look set to be compensated for their hard work with the region’s increased pay rates. Due to a severe shortage of insurance adjusters in Florida, insurance companies in the region have been forced to hike adjusters’ rates. The consecutive occurrence of two major natural disasters — Hurricanes Harvey in Texas and Hurricane Irma in Florida — was largely to blame for the shortage, as many adjusters were tapped to help policyholders in Texas first.
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