RE: Maximizing Income
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RE: Maximizing Income - 10/4/2006 11:21:53 PM
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gordon1
Posts: 89
Joined: 9/16/2004
Status: offline
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Meg,If I may call you Meg. I think your attitude is very commendable. However, I think you are wrong in one respect. The newbies do contribute to the stagnant fees. It is economics 101 with the law of supply & demand. Higher supply means lesser of demand = lower fees. The IA vendors keep coming up with all sorts of unqualified adjusters to flood the market no matter when the storms hit. this makes it very tough for the more experienced to receive the fees they so well deserve. For some reason it has become acceptable to use the flood of new blood (hey that rhymes) to handle the claims. This makes for poor customer service & the degradation of our profession. Granted we are not doctors, but the medical profession is a "closed" one in the sense that would be doctors must get an undergrad education, than proceed to medical school & then to internship. This ensures a highly qualified individual. If there are a ton of illnesses, the medical profession just doesn;t let anyone in to help out, so the sick can be attended to faster. Why should the insurance industry be any different? I know that there will always be new adjusters coming in, which I don't mind. I do mind that is has become all to easy to become an adjuster, with little to no experience. I am sure other more expreinced adjusters can attest that they are still learning things as they continue so to say one has a year or two experience doesn't equate to a whole lot of experience in the scheme of things. Just because some of the new adjusters are former professionals from other fields doesn't make them qualified to do the job properly. It just means that they have a level of intelligence which gives them a higher propensity for succeeding. The hostilities come from the fact that A LOT of newbies have the "I deserve it" attitude & they are literally taking money out of the experienced adjusters' pockets. It is human nature to become hostile when one's livelihood is jeopardized. This topic really belongs in another thread, but since you posted in this forum, I felt it necessary to respond. I mean no ill will, just wanted to explain. Still there is no need for rudeness.People can still refuse to help the new ones in a polite, mature & professional manner.
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RE: Maximizing Income - 10/5/2006 2:58:53 AM
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StormSupport
Posts: 89
Joined: 5/23/2006
Home base: Coastal VA
Status: offline
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Gordon,
I see your point and do agree with what you said. And thank you for making your point kindly. 
There is only one solution to the dilemma though, and as of yet, it hasn't been accomplished.
No industry standards, no formal pathway to apprentice or internships, no designations that either allow or prevent adjusting beyond licensure, (if that, as many have adjusted claims without a license or a course!)... I could go on but won't.
Until this industry does actually become a united force this will always continue.
I do understand being defensive regarding a person's livelihood and income but the fact of the matter is this is a bit like complaining about the people in office when not even registered to vote.
Can't prevent people from joining a club that has no rules.
If the experienced people in the industry see a problem, and can't band together to fix the problem, the problem will remain.
My whole point was that the rudeness, the belittling, the name calling, the indignation, the anger and the public reduction of this industry to nothing better than public brawling is unnecessary and diminishes each of us, collectively and individually.
And yes, once again I acknowledge that this is not the thread this topic belongs in.
(and yes, you may call me Meg )
_____________________________
~Meg~
"May you live in interesting times"
Ancient chinese proverb
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RE: Maximizing Income - 10/5/2006 6:43:56 AM
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yebolu
Posts: 50
Joined: 2/10/2006
Status: offline
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Gordon1,
I do not believe the influx of new and inexperience adjusters alone reduces the quality of returns from the business. Just the fact that the antics of nature which creates jobs for all adjusters is unpredictable, the unpredictability involved makes it a seller's market and the carriers can continue to get away with not raising fee schedules etc.
Again, just because many adjusters join the flock does not mean they survive in the field. In florida I witnessed a guy who quit because he could not find a place to stay. He left the files on the table in the hotel where we have JIT meetings for the storm manager to find. Nature regulates even the numbers. A couple of lean years will remove many from the field and again when there is great devastation it will attract many more to the industry.
What I think can be regulated is the number of files assigned to newbies, that way expereinced folks will have the edge in working much longer and getting the benefits of their experience. Again, unless a newbie is well prepared before show time, that does not really need much regulation.
_____________________________
If you grow, you will glow!
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RE: Maximizing Income - 10/5/2006 9:21:52 AM
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Tiger
Posts: 28
Joined: 5/5/2006
Home base: Fort Lauderdale, FL
Status: offline
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I don't think the problem is so much that insurance companies or IA vendors require an adjuster to have little more than a license, a few days of training and a heartbeat. The problem is that the license does not require a practical knowledge of the job. It's only concern is that a licensee be familiar with insurance law, ethics, policy knowledge, licensing requirements......etc. Hell - you can give a person the study manual and they can memorize every line of the manual, take the test and come back with a perfect score. That guy may not even know how to use a tape measure or be able to figure out a folding ladder, never mind how determine a cause of loss. But hey,.....he knows how to figure out the co-insurance deductible. He may not know bifold doors from bypass doors, drywall from dry rot, corner moulding from toxic mold.....but he knows the finer differences between a performance bond and a surety bond. And the emergency adjuster license is an even bigger joke. But with the demand for adjusters being what it is, I don't think insurance companies or IA firms will be the first in line to stiffen the requirements. Best way to maximize your income is to create your own job security through your work product - period.
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RE: Maximizing Income - 10/5/2006 9:32:23 AM
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gordon1
Posts: 89
Joined: 9/16/2004
Status: offline
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Tiger, you partially hit the nail on the head. There is no gateway to the license other than a test. However, I am not worried about job security as other "vets" shouldn't be either. I am referring to the law of diminishing returns. It is a shame that adjusters can't get together & unionize. I believe it is the only way to ensure an apprenticeship type program, which will ensure quality adjusters handling files & will provide the best service for the insureds & carriers, while providing safe, reasonable working conditions and wages that keep up with inflation.Maybe federalized adjusting standards can help accomplish this partially. Although I believe they will fall short when it comes to our pockets.
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RE: Maximizing Income - 10/5/2006 9:46:08 AM
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jwg
Posts: 36
Joined: 9/12/2006
Home base: Texas
Status: offline
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There comes a point where we must agree to disagree, The newbies arrived on the job because there was a need. Many did not last. Many more will not last this dry spell. Hopefully there will be some talented hard working folks survive this year. I do not believe any company adjusted there fee schedule to compensate for new adjusters. And I dont think there was any shortage of work caused by a glut of new applicants. For all of us that are sincere about continuing in this proffession, education, practice, and a quality work product will ensure we get the call when storms happen.
_____________________________
Its all just talk till something gets done.
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