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Medical, Dental and Disability Insurance Carriers Salary Survey - 3 Example Jobs: Chief Executive Officer | Insurance Claims Adjuster | Insurance Rater

Insurance Claims Adjuster
Area: 193000700000 Survey Title: Medical, Dental and Disability Insurance Carriers Salary Survey

Categories

No. of
Incumbents

Mean

First
Decile

First
Quartile

Median

Third
Quartile

Ninth
Decile

Rate of
Error
Public Databases
Annual Salary $44,353 $26,460 $33,271 $43,735 $57,666 $66,024
Incentive/Variable Pay $2,537 $609 $2,512 $5,559 $7,388
Total Direct Annual Compensation $46,890 $26,460 $33,880 $46,247 $63,225 $73,412
ERI Assessor Databases
Annual Salary $46,652 $39,051 $42,281 $45,942 $50,702 $54,901
Incentive/Variable Pay $1,493 $1,249 $1,353 $1,470 $1,622 $1,757
Total Direct Annual Compensation $48,145 $40,300 $43,634 $47,412 $52,324 $56,658
Survey Participants' Databases
Annual Salary $53,605 $41,115 $46,410 $51,915 $57,420 $62,715
Incentive/Variable Pay
Total Direct Annual Compensation $53,605 $41,115 $46,410 $51,915 $57,420 $62,715
Position Description

Investigates claims against insurance or other companies for personal, casualty, or property loss or damages. Concludes extent of company's liability and attempts to effect out-of-court settlement with claimant.

Examines claim form and other records to determine insurance coverage. Telephones, interviews, or corresponds with claimant and witnesses; consults police and hospital records; and inspects property damage to determine extent of company's liability, varying method of investigation according to type of insurance. Negotiates with claimant and settles the claim when a policy holder's claim is legitimate. May testify in court when claims are contested. Recommends litigation by legal department when settlement cannot be negotiated. May consult with other professionals who can offer more expert evaluation of a claim. May attend litigation hearings.


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