INDUSTRY TRENDS


CAT adjusting is a multimillion-dollar industry that’s growing fast. With so many natural disasters affecting thousands of people over the last decade, the demand for independent CAT adjusters has become extremely hot. It will continue to grow dramatically as insurance companies seek out the most qualified adjusters and pay top dollar for their expertise. This is evidenced by the following report from the National Oceanic and Atmospheric Administration (NOAA) for just one wind and water event.

"THE COUNTY SUFFERED EXTENSIVE BEACH EROSION. ESTIMATED DOLLAR AMOUNTS ARE NEAR 10 MILLION. THE LANDMARK MAIN STREET PIER AND  RESTAURANT LOST A 200 FOOT SECTION     

THE NEIGHBORING COUNTY THE EROSION WAS LESS SEVERE BUT LOCAL OFFICIALS STILL ESTIMATE DAMAGE AT 2.4  MILLION DOLLARS. THERE WAS ALSO SIGNIFICANT EROSION AND LOSS OF SOME RESIDENTIAL BOAT PIERS ALONG THE INDIAN RIVER AND BANANA RIVER LAGOONS. MOST COASTAL AREAS REPORTED MINOR BEACH EROSION ASSOCIATED WITH THE HEAVY SURF"

Skilled adjusters can make $100,000 to $300,000 annually—often working just six to nine months out of the year. And the demand is strong. Do a simple online search, and you’ll discover hundreds of insurance and risk management companies with the same plea: “WE NEED EXPERIENCED ADJUSTERS FOR ALL STATES.”

CAT adjusters with the most diverse skill sets will be in even greater demand. Some of the best news is that the career doesn’t require prior experience in construction or insurance. The key factors are energy, intelligence and the drive to succeed.