average adjuster

average adjuster
A person who handles marine insurance claims on behalf of the insurers. If there is a claim that involves general average and contributions have to be made by all the parties involved it is the average adjuster who is responsible for apportioning payment.

Big dictionary of business and management. 2014.

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  • average adjuster — ➔ adjuster * * * average adjuster UK US noun [C] INSURANCE ► a person who calculates the cost of damage to or loss of a ship or the goods it carries, for insurance purposes: »Apportionment of cargo damage was referred to an average adjuster …   Financial and business terms

  • average adjuster — noun An assessor employed by an insurance company in marine claims • • • Main Entry: ↑average …   Useful english dictionary

  • average adjuster — Average adjusters specialize in adjusting marine losses …   Black's law dictionary

  • average adjuster — Average adjusters specialize in adjusting marine losses …   Black's law dictionary

  • average adjuster — /ˌæv(ə)rɪdʒ ə dʒʌstə/ noun a person who calculates how much of a maritime insurance is to be paid by the insurer against a claim …   Dictionary of banking and finance

  • adjuster — ad‧just‧er [əˈdʒʌstə ǁ ər] noun [countable] claims/​insurance/​loss adjuster INSURANCE a person or company whose job is to assess the value of loss or damage for someone who has claimed on their insurance: • The loss adjuster feels there is… …   Financial and business terms

  • Average — In mathematics, an average, or central tendency[1] of a data set is a measure of the middle value of the data set. Average is one form of central tendency. Not all central tendencies should be considered definitions of average. There are many… …   Wikipedia

  • average — 1) A single number used to represent a set of numbers; mean. See arithmetic mean; geometric mean; median; weighted average 2) A partial loss in marine insurance (from French: avarie, damage). In general average (GA), a loss resulting from a… …   Big dictionary of business and management

  • average —   n. Commerce, loss to owners due to damage to ship or cargo at sea; assessing of incidence of such loss in proportion among interested parties.    ♦ average adjuster, professional assessor of marine insurance claims who apportions them among… …   Dictionary of difficult words

  • adjuster — One appointed to adjust a matter; to ascertain or arrange or settle. One who makes any adjustment or settlement, or who determines the amount of a claim, as a claim against an insurance company. A representative of the insurer who seeks to… …   Black's law dictionary

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