Will a Recession hurt claims handlers? > Catastrophe Central, The Adjuster's Forum > CatAdjuster.org

Sunday, September 07, 2008

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Subject: Will a Recession hurt claims handlers?

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Steve Beaumont User is Offline

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02/18/2008 9:42 AM
I had the good fortune to work for a carrier that insured most of the FDIC and all of RTC's (Resolution Truxt Corporation) repossesed properties back in the early 90's and I believe recessions have a big impact on numbers of vandalism, theft and arson claims. The problem is that most of those type claims would be handled by staff adjusters or IA's that work daily claims for the carriers in the affected areas. In a round about way it could benefit full time cat adjusters in that if the staff adjusters and the local IA's are busy dealing with more of these type of claims, they would be more inclined to farm out the cat claims that they would usually do themselves.

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