Career and Education Opportunities for Insurance Adjusters in Naperville, Illinois
Insurance adjusters can find many career and educational opportunities in the Naperville, Illinois area. Currently, 14,840 people work as insurance adjusters in Illinois. This is expected to grow 8% to 15,990 people by 2016. This is better than the national trend for insurance adjusters, which sees this job pool growing by about 7.1% over the next eight years. Insurance adjusters generally 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.
Income for insurance adjusters is about $28 hourly or $59,930 annually on average in Illinois. Nationally, their income is about $26 hourly or $55,760 yearly. Compared with people working in the overall category of Adjustment and Analysis, people working as insurance adjusters in Illinois earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. People working as insurance adjusters can fill a number of jobs, such as: medical claims analyst, general adjuster, and claim agent.
The Naperville area is home to 166 schools of higher education, including one within twenty-five miles of Naperville where you can get a degree as an insurance adjuster. Insurance adjusters usually hold a Bachelor's degree, so it will take about four years to learn to be an insurance adjuster if you already have a high school diploma.
CAREER DESCRIPTION: Insurance Adjuster
In general, insurance adjusters 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. They also correspond with or interview medical specialists, agents, or claimants to compile information.
Insurance adjusters inspect police reports, medical treatment records or physical property damage to establish the extent of liability. They also examine claims forms and other records to establish insurance coverage. Equally important, insurance adjusters have to interview or correspond with claimants or other relevant parties to establish claim settlements or review. They are often called upon to ready reports of findings of investigations. They are expected to interview or correspond with agents and claimants to fix errors or omissions and to investigate questionable claims. Finally, insurance adjusters negotiate claim settlements and recommend litigation when settlement cannot be negotiated.
Every day, insurance adjusters are expected to be able to see details at a very fine level of focus. They need to listen to and understand others in meetings. It is also important that they read and understand documents and reports.
It is important for insurance adjusters to collect evidence to support contested claims in court. They are often called upon to investigate and assess damage to property and develop or review property damage estimates. Somewhat less frequently, insurance adjusters are also expected to communicate with former associates to confirm employment record and to obtain background data regarding persons or businesses applying for credit.
Insurance adjusters sometimes are asked to negotiate claim settlements and recommend litigation when settlement cannot be negotiated. and examine titles to property to establish validity and act as company agent in transactions with property owners. And finally, they sometimes have to inspect police reports, medical treatment records or physical property damage to establish the extent of liability.
Like many other jobs, insurance adjusters must be thorough and dependable and be reliable.
Similar jobs with educational opportunities in Naperville include:
- 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.
- Compensation / Benefits Specialist. Conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas.
- 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.
- Employment Coordinator. Interview job applicants and refer them to prospective employers for consideration. Search application files, notify selected applicants of job openings, and refer qualified applicants to prospective employers. Contact employers to verify referral results. Record and evaluate various pertinent data.
- 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.
- License Examiner. Examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.
- Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
- Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
EDUCATIONAL OPPORTUNITIES: Insurance Adjuster Training
Roosevelt University - Chicago, IL
Roosevelt University, 430 S Michigan Ave, Chicago, IL 60605-1394. Roosevelt University is a medium sized university located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,708 students and an admission rate of 43%. Roosevelt University has a bachelor's degree program in Insurance.
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.
INSURANCE ADJUSTER, PUBLIC
Licensing agency: Illinois Department of Financial and Professional Regulation
Address: Division of Insurance, 320 West Washington, Springfield, IL 62786
Phone: (217) 782-6366
Website: Illinois Department of Financial and Professional Regulation Division of Insurance
LOCATION INFORMATION: Naperville, Illinois
Naperville is located in Dupage County, Illinois. It has a population of over 143,117, which has grown by 11.5% over the last ten years. The cost of living index in Naperville, 107, is above the national average. New single-family homes in Naperville are valued at $401,600 on average, which is far greater than the state average. In 2008, one hundred fifty-four new homes were built in Naperville, down from two hundred eighty-one the previous year.
The top three industries for women in Naperville are educational services, health care, and professional, scientific, and technical services. For men, it is professional, scientific, and technical services, finance and insurance, and construction. The average travel time to work is about 33 minutes. More than 60.6% of Naperville residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 23.7%, is higher than the state average.
The unemployment rate in Naperville is 8.1%, which is less than Illinois's average of 10.5%.
The percentage of Naperville residents that are affiliated with a religious congregation, 58.9%, is more than both the national and state average. Saints Peter and Paul Roman Catholic Church, Saint Thomas The Apostle Church and Bethany Church are some of the churches located in Naperville. The most common religious groups are the Catholic Church, the Lutheran Church and the Evangelical Lutheran Church in America.
Naperville is home to the High Grove Business Park and the Spring Brook Golf Course as well as Du Page River Park and Winding Creek Park. Shopping malls in the area include Pebblewood Plaza Shopping Center, Cress Creek Square Shopping Center and Cress Creek Shopping Center. Visitors to Naperville can choose from Fairfield Inn by Marriott, EXEL Inns of Chicago and Country Inn Suites Naperville for temporary stays in the area.