Career and Education Opportunities for Insurance Adjusters in Philadelphia, Pennsylvania
Insurance adjusters can find many career and educational opportunities in the Philadelphia, Pennsylvania area. There are currently 16,950 working insurance adjusters in Pennsylvania; this should shrink by 1% to about 16,800 working insurance adjusters in the state by 2016. This is not quite as good as the nation as a whole, where employment opportunities for insurance adjusters are expected to grow by about 7.1%. 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.
Insurance adjusters earn approximately $26 hourly or $54,270 yearly on average in Pennsylvania. Nationally they average about $26 per hour or $55,760 yearly. Incomes for insurance adjusters are better than in the overall category of Adjustment and Analysis in Pennsylvania, and better than the overall Adjustment and Analysis category nationally. People working as insurance adjusters can fill a number of jobs, such as: catastrophe claims supervisor, disability examiner, and medical claims examiner.
The Philadelphia area is home to 156 schools of higher education, including two within twenty-five miles of Philadelphia where you can get a degree as an insurance adjuster. The most common level of education for insurance adjusters is a Bachelor's degree. 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 Philadelphia 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.
- Claims Adjuster. Review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. Report overpayments, underpayments, and other irregularities. Confer with legal counsel on claims requiring litigation.
- 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
Temple University - Philadelphia, PA
Temple University, 1801 North Broad Street, Philadelphia, PA 19122-6096. Temple University is a large university located in Philadelphia, Pennsylvania. It is a public school with primarily 4-year or above programs. It has 35,343 students and an admission rate of 61%. Temple University has a bachelor's degree program in Insurance which graduated fifty-three students in 2008.
University of Pennsylvania - Philadelphia, PA
University of Pennsylvania, 1 College Hall 34th and Spruce Sts, Philadelphia, PA 19104-6303. University of Pennsylvania is a large university located in Philadelphia, Pennsylvania. It is a private not-for-profit school with primarily 4-year or above programs. It has 24,060 students and an admission rate of 17%. University of Pennsylvania has bachelor's degree, master's degree, and doctor's degree programs in Insurance which graduated two, one, and zero students respectively 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: Philadelphia, Pennsylvania
Philadelphia is located in Philadelphia County, Pennsylvania. It has a population of over 1,447,395, which has shrunk by 4.6% in the past ten years. The cost of living index in Philadelphia, 102, is near the national average. New single-family homes in Philadelphia cost $212,900 on average, which is far greater than the state average. In 2008, five hundred forty-five new homes were constructed in Philadelphia, down from five hundred ninety-one the previous year.
The top three industries for women in Philadelphia are health care, educational services, and professional, scientific, and technical services. For men, it is construction, educational services, and health care. The average travel time to work is about 32 minutes. More than 17.9% of Philadelphia residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.5%, is lower than the state average.
The percentage of Philadelphia residents that are affiliated with a religious congregation, 53.4%, is more than the national average but less than the state average. Boulevard Church, Mount Herman Church and Saint Michael Mission Center are all churches located in Philadelphia. The most prominent religious groups are the Catholic Church, the American Baptist Churches in the USA and the Muslim Estimate.
Philadelphia is home to the Five Points and the Academy Gardens as well as Durham Park and Cloverly Park. Shopping malls in the area include Roosevelt Mall, Andorra Shopping Center and Red Lion Shopping Center. Visitors to Philadelphia can choose from Comfort Inn, Concordia Worldwide Hotel Reservations and Embassy Suites for temporary stays in the area.