catastrophic loss adjustment

Catastrophic loss adjustment involves assessing and settling insurance claims resulting from large-scale disaster events, such as hurricanes or earthquakes. When these major incidents cause widespread damage, insurance companies assign specialized adjusters to evaluate the losses, determine coverage, and handle numerous claims efficiently. These adjusters analyze damage, verify policy terms, and negotiate settlements, often under tight deadlines and challenging conditions. The goal is to ensure policyholders receive fair compensation promptly, helping individuals and communities recover from significant disasters while managing the insurer's risk and resources effectively.