Settlements

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August 31, 2024 3 min read Definitions

Claims Adjuster: A Professional Evaluating Insured Losses

Insurance Finance Insurance Claims Loss Adjustment Settlements Risk Management

A claims adjuster is a professional assigned by the insurer to investigate and evaluate the extent of an insured loss. They play a crucial role in the insurance industry by ensuring fair and accurate settlements.

August 25, 2024 3 min read Definitions

Friendly Suit: Legal Action for Binding Judgment

The Law Legal Terms Law Judgments Settlements Contracts

A Friendly Suit is a legal action authorized by law, brought by agreement between parties to secure a binding judgment, especially in cases where traditional settlements are not legally valid.