Capital Corner
By Will Melofchik – NCOIL General Counsel
Greetings – Welcome to the latest installment of Capital Corner, a column that aims to update you on some of the issues that NCOIL is following. Below are some of the issues that NCOIL will be discussing at the upcoming NCOIL Summer Meeting and will be monitoring throughout 2023.
NCOIL to Discuss Public Adjuster Legislative Reforms
Several states have recently taken action to either establish or update professional standards for public adjusters1. Specifically, state legislatures in Florida, Georgia, Kentucky, Illinois, and Indiana passed bills this year establishing more controls on public adjusters2.
As a reminder, a public adjuster is an independent insurance professional that a policyholder may hire to help settle an insurance claim on his or her behalf3. Your insurance company provides an adjuster at no charge to you, while a public adjuster has no relationship with your insurance company, and charges a fee consisting of a percentage, which varies by State often between 10% and 33%, of the insurance settlement for his or her services4.
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