Will Public Adjusters Thrive Amidst the 15% Fee Cap Proposal by NAIC? - Public Adjuster Basics

Public Adjusters, listen up! In this special edition of the Commercial Claim Show, we dive into a blog article written by Anthony Diulio, an attorney for Wheeler Diulio and Barnabe, addressing a major concern for the public adjusting community.

The National Association of Insurance Commissioners (NAIC) and the National Coalition of Insurance Regulators are advocating for a national bill to cap public adjuster fees at 15%. The catch? This cap would only apply after the contract is signed. Join us as we dissect the implications of this proposal and its potential effects on public adjusters, homeowners, and the industry at large.

Key Points Discussed:

How the 15% fee cap proposal aligns with the NAIC and NAPIA.
The impact on public adjusting firms, particularly those handling smaller claims.

Statistics reveal that 92% of insurance claims are under $25,000.
The potential consequences of leaving homeowners without professional representation for smaller losses.

Arguments against the flat fee cap and the call for reasonable fee regulation.

Are you a public adjuster, insurance professional, or homeowner?

Share your thoughts in the comments below. Do you agree or disagree with the proposed 15% fee cap? Let's engage in a conversation about the future of public adjusting and the potential impacts on the industry.

📌 Stay Informed:

Make sure to subscribe for more updates on the latest developments in the public adjusting and insurance industry. We release informative videos every week, covering topics relevant to public adjusters, contractors, insurance professionals, attorneys, and consumers.


ANTHONY DIULIO'S BLOG - https://wdblegal.com/2023/11/napia-al...

https://content.naic.org/sites/defaul...

Timestamps:
00:00 - 2:39 Blog Article and Fee Cap Proposal
2:39 - 4:56 NAPIA's 15% Fee Cap Stand
4:56 - 7:23 How this fee cap will affect small losses and homeowners
7:23 - 10:29 How do capped commissions affect adjusting?
10:29 - 12:01 Public Adjuster Fee Regulations Debate
12:01 - 12:48 Challenges of Varying Fee Caps


#PublicAdjuster #InsuranceClaim #Homeowners #Policyholders #PublicAdjusting #InsuranceUpdate #insuranceindustry
===========================
👉 Shoutout to our partners 👈
► Black Diamond Housing Services - https://bit.ly/BlackDiamondHousingSer...
► Noble Tax Strategies & Wealth Planning - https://bit.ly/NobleTaxStrategies
► The Farber Law Firm - https://bit.ly/thefarberlawfirm
► iink - https://bit.ly/iinkPayments
===========================

Make sure you check out our new Public Adjuster Handbook
📙 Public Adjuster Handbook - https://bit.ly/PublicAdjusterHandbook

===========================

🔴 Elite Resolutions - Responsible Public Adjusters https://eliteresolutions.com/about-us/

===========================

🎯 Do NOT forget to check our website! 👉 https://www.commercialclaimsadvocate.... 👈

===========================
🔊 Spotify: https://spoti.fi/38621Yz
🔊 Google Podcasts: https://bit.ly/GooglePodcastCCS
🔊 Apple Podcasts: https://apple.co/3sbjPIs
===========================
Here are all of the tools, gear, and software I use to run my public adjuster business and this training channel.
https://bit.ly/StudioEquipmentCCA
===========================
Free Insurance Claims eBook:
https://bit.ly/FreeEbookCommercialCla...
===========================
SOCIAL MEDIA:
Facebook: https://bit.ly/CommercialClaimsAdvoca...
Linkedin: https://bit.ly/CommercialClaimsAdvoca...
Instagram: https://bit.ly/CommercialClaimsAdvoca...