Loss adjusters fight downturn
The strains being felt across the insurance industry have not bypassed loss adjusters. The sector is working hard to mitigate the effects, though, writes Rachel Gordon.
Loss adjusting is feeling the heat. In an already cutthroat market, insurers are looking to hammer fees and, with fewer major disasters and benign weather to date, big-ticket business is thin on the ground. News that RSA is also seeking to expand into the wider market with its loss adjusting services team (see p.10) could also ruffle a few feathers.
Meanwhile, Cunningham Lindsey has reformed its subsidence team with the announcement of 59 redundancies - 50 administrative and nine technical -
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