A new study has found that the current system of licensing regulations for independent claims adjusters is causing more harm than help for the industry.
The study, entitled “Breaking Down Barriers” by Pacific Research Institute, found that the average claims adjuster holds between 10 and 12 different state licenses. This can set them back as much as $1,000 each. The study pointed out that these “costly, burdensome state requirements” make it more difficult for adjusters to operate across states, while driving up costs for consumers and limiting the opportunities for new adjusters.
At present, 34 states require independent adjusters to hold a license, the Association of Claims Professionals (ACP) reported.