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Adjusters must continue to learn how to adjust new types of claims or risk becoming obsolete. (Photo: iStock)

There is a difference between unemployment insurance (part of the New Deal’s Social Security Act) and “wage insurance,” apparently a little-known private coverage sold by banks and some insurers (“IncomeAssure”) that applies to the difference between what a worker over 50 was earning before his or her job was eliminated by technology or sent overseas, as long as that job had been paying $50,000 a year or more.

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