The noise from claim staff is not joyous this year. Although afew people still tell us that they love their jobs, their voicesare growing fainter. Dissatisfaction seems to be the overpoweringsentiment in our 15th annual salary survey.

In the history of the survey, independent adjusting staff hasmade more money than their counterparts at insurance carriers,while enjoying fewer benefits and perks. In recent years, the gapbetween these figures had begun to narrow. This year's survey,however, indicates that all that is changing, and industry normsare reverting to type.

Although the dollar figures have fluctuated over the last coupleof years, statistically claim compensation has risen approximately25 percent since 1998, when we first started asking for exactsalaries. The two exceptions are officers at independent firms, whohave seen only a four percent gain in the last seven years, andcarrier vice presidents, who have lost about 20 percent. (It mustbe noted, however, that fewer carrier CEOs and presidents areresponding to our survey than did in the past. Their highersalaries may have skewed the figure upward in earlier surveys.)

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.