Property and Casualty Insurance Claims Examiners 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.
- Investigate, evaluate, and settle claims, applying technical knowledge and human relations skills to effect fair and prompt disposal of cases and to contribute to a reduced loss ratio.
- Supervise claims adjusters to ensure that adjusters have followed proper methods.
- Adjust reserves or provide reserve recommendations to ensure that reserve activities are consistent with corporate policies.
- Resolve complex, severe exposure claims, using high service oriented file handling.
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Property Claims Examiners with little to no experience tend to make between $39620 and $50020 while the more experienced ones can earn over $81390 per year.
|Top 5 paying states||Hourly||Annual|
One of the easiest ways to increase your salary as a Property and Casualty Insurance Claims Examiner is to move to a higher paying state like CT. Right now, the highest paying states for Property Claims Examiners are CT, MA, NJ, DC and AK.
However, a higher pay at CT doesn’t guarantee that you will make more because the living expenses at CT might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Property and Casualty Insurance Claims Examiner is the degree you hold, the industry you work in, and lastly the company you work for.
We asked other Property Claims Examiners what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a High School Diploma.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
|Health/Medical Claims Examiner|
Pros and Cons
Here are some of the pros and cons of being a Property and Casualty Insurance Claims Examiner.
|Suitable for people who likes to follow routines|
|Suitable for people who wants to work in a supportive work environment|
|This career is perfect for people who love to work indoors.|
|Very good salary|
|Not suitable for people who likes to work with designs|
|It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
What is the job like
70% of Property Claims Examiners said they were satisfied with their job and 47% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..
They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
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analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
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Related career information
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Case Manager, Casualty Claims Supervisor, Check Examiner, Claim Auditor, Claims Account Manager, Claims Account Specialist, Claims Adjuster, Claims Analyst, Claims Auditor, Claims Director