RICHMOND, Va. - Virginia regulators will soon license public adjusters to help deal with insurance companies.
The State Corporation Commission's Bureau of Insurance is set to begin licensing and regulating public adjusters beginning next year.
Officials say that insurance companies provide adjusters to evaluate and settle claims made by homeowners and businesses. But if you've had a large loss, you may be contacted or consider hiring a public adjuster. They represent policyholders in appraising and negotiating insurance claims and are paid for their services by the policyholder.
As a result of a new law, public adjusters will be required to comply with standards of conduct and continuing education requirements. Their fees also must be fair and reasonable in relation to the work performed. Regulators also may suspend or revoke licenses under certain conditions.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Cory and Topanga are back, and they're all grown up.
Miss Utah's 2nd chance at the pageant answer that went viral. (Video)
A new gadget will let you know how active your dog is. (Video)
A 19-year-old decides to catch a ride on a whale shark. (Video)