Does a personal injury claims adjuster have a limit as to the amount they can settle a case for?

by admin on May 17, 2010

I was wondering if a personal injury claims adjuster has to go to his or her superior for a larger dollar amout? What is the process for a claim that will potential settle for around the 100,000.00 mark?

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{ 1 comment }

mbrcatz May 17, 2010 at 2:42 pm

Pretty much any claim over $5,000, has to be reviewed with a supervisor. Any claims over $20,000, usually need a department supervisor to sign off on – this is a FRAUD control measure that the insurance companies implement.

But NO carrier is going to settle a case for more than the POLICY LIMIT.

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