Career and Education Opportunities for Claims Adjusters in Simi Valley, California
For those living in the Simi Valley, California area, there are many career and education opportunities for claims adjusters. Currently, 31,200 people work as claims adjusters in California. This is expected to grow by 12% to about 35,000 people by 2016. This is better than the national trend for claims adjusters, which sees this job pool growing by about 7.1% over the next eight years. Claims adjusters generally review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures.
The income of a claims adjuster is about $28 per hour or $60,030 yearly on average in California. In the U.S. as a whole, their income is about $26 hourly or $55,760 yearly on average. Compared with people working in the overall category of Adjustment and Analysis, people working as claims adjusters in California earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. Jobs in this field include: case manager, insurance auditor, and claims account manager.
The Simi Valley area is home to 175 schools of higher education, including one within twenty-five miles of Simi Valley where you can get a degree as a claims adjuster. Given that the most common education level for claims adjusters is a Bachelor's degree, you can expect to spend about four years studying to be a claims adjuster if you already have a high school diploma.
CAREER DESCRIPTION: Claims Adjuster
In general, claims adjusters review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. They also report overpayments, underpayments, and other irregularities.
Claims adjusters investigate, evaluate and settle claims, applying technical knowledge and human relations skills to effect fair and prompt disposal of cases and to contribute to a reduced loss ratio. They also pay and process claims within designated authority level. Equally important, claims adjusters have to contact or interview claimants, doctors or employers to get additional data. They are often called upon to talk with legal counsel on claims requiring litigation. They are expected to report overpayments and other irregularities. Finally, claims adjusters maintain claim files such as records of settled claims and an inventory of claims requiring detailed analysis.
Every day, claims adjusters are expected to be able to listen to and understand others in meetings. They need to articulate ideas and problems. It is also important that they think through problems and come up with general rules.
It is important for claims adjusters to enter claim payments, reserves and new claims on computer system, inputting concise yet sufficient file documentation. They are often called upon to resolve complex, severe exposure claims, using high service oriented file handling. They also adjust reserves or furnish reserve recommendations to insure that reserve efforts are consistent with corporate policies. They are sometimes expected to present cases and participate in their discussion at claim committee meetings. Somewhat less frequently, claims adjusters are also expected to conduct detailed bill reviews to execute sound litigation management and expense control.
Claims adjusters sometimes are asked to supervise claims adjusters to insure that adjusters have followed proper methods. They also have to be able to ready reports to be submitted to company's data processing department And finally, they sometimes have to talk with legal counsel on claims requiring litigation.
Like many other jobs, claims adjusters must be reliable and be thorough and dependable.
Similar jobs with educational opportunities in Simi Valley include:
- Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
- Business Management Analyst. Conduct organizational studies and evaluations, design systems and procedures, conduct work simplifications and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.
- Coroner. Direct activities such as autopsies, pathological and toxicological analyses, and inquests relating to the investigation of deaths occurring within a legal jurisdiction to determine cause of death or to fix responsibility for accidental, violent, or unexplained deaths.
- Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
- Emergency Management Coordinator. Coordinate disaster response or crisis management activities, provide disaster preparedness training, and prepare emergency plans and procedures for natural, wartime, or technological disasters or hostage situations.
- Insurance Adjuster. Investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
- Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
- Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- License Examiner. Examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.
- Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
EDUCATIONAL OPPORTUNITIES: Claims Adjuster Training
Ladera Career Paths Training Centers - Los Angeles, CA
Ladera Career Paths Training Centers, 6820 La Tijera Blvd Ste 217, Los Angeles, CA 90045-1931. Ladera Career Paths Training Centers is a small school located in Los Angeles, California. It is a private for-profit school with primarily less-than 2-year programs and has 30 students. Ladera Career Paths Training Centers has a one to two year program in Health/Medical Claims Examiner which graduated eight students in 2008.
Associate in Insurance Services: The Associate in Insurance Services program is a nationally recognized educational program designed specifically for insurance personnel.
For more information, see the American Institute for CPCU and Insurance Institute of America website.
Certified Fraud Examiner: The ACFE established and administers the Certified Fraud Examiner (CFE) designation.
For more information, see the Association of Certified Fraud Examiners website.
Certified Forensic Interviewer: The objective of this certification program is to create comprehensive, universally accepted professional standards combined with an objective measure of an interviewer's knowledge of those standards.
For more information, see the Center for Interviewer Standards and Assessment Ltd. website.
Accredited Insurance Examiner: An Accredited Insurance Examiner (AIE) is awarded to insurance regulatory professionals who have been extensively trained in one of two primary fields of insurance regulation, Property and Casualty or Life and Health.
For more information, see the Insurance Regulatory Examiners Society website.
Accredited Marine Surveyor : Our Accredited Marine Surveyor® (AMS®) members must have a minimum of 5 years experience and must pass a written examination by our testing committee in order to earn his or her AMS® credential.
For more information, see the Society of Accredited Marine Surveyors website.
LOCATION INFORMATION: Simi Valley, California
Simi Valley is situated in Ventura County, California. It has a population of over 120,543, which has grown by 8.3% in the past ten years. The cost of living index in Simi Valley, 131, is far greater than the national average. New single-family homes in Simi Valley are valued at $451,000 on average, which is far greater than the state average. In 2008, nineteen new homes were built in Simi Valley, down from one hundred thirty-two the previous year.
The three most popular industries for women in Simi Valley are finance and insurance, educational services, and health care. For men, it is construction, finance and insurance, and professional, scientific, and technical services. The average commute to work is about 29 minutes. More than 24.9% of Simi Valley residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.1%, is lower than the state average.
The unemployment rate in Simi Valley is 9.2%, which is less than California's average of 12.3%.
The percentage of Simi Valley residents that are affiliated with a religious congregation, 44.6%, is less than the national average but more than the state average. Alliance Church, Grace Brethren Church of Simi Valley and Valley Bible Community Church are some of the churches located in Simi Valley. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Evangelical Lutheran Church in America.
Simi Valley is home to the Simi Valley Historical Society Archives and the Simi Civic Center as well as Stargaze Park and Atherwood Park. Shopping centers in the area include Mountain Gate Plaza Shopping Center, Royal Plaza Shopping Center and Regency Plaza Shopping Center. Visitors to Simi Valley can choose from 4 Hotel Now Com and 5 Star Linens for temporary stays in the area.