Why doesn't the Errors and Omissions Insurance Company have Claim's Adjusters?

Question

Ever see one?

Ever heard of one?

Ever read their reports?

Answer 1

Of course E&O companies have claims adjusters.  Have you ever filed an E&O claim against someone?  You will get a call from an adjuster.  The adjuster also contacts the insured to get both sides of the story and any and all documentation related to the claim.  I have been working in insurance for over 19 yrs & we have had I believe 3 E&O claims during that time.  My supervisor dealt with the adjuster & the assigned attorney.  Luckily all 3 were thrown out for lack of evidence on the claimant's part.  I didn't "see" the adjuster in person, they spoke to my supervisor on the phone.

You would never read their reports, that is work product & owned by the company & protected by law.  No one sees the reports except the company, the agent can't even see the reports.

Answer 2

E&O insurance normally covers professional services.  What activity is being insured for E&O?

Answer 3

This is a rant masquerading as a question. You don't say what your issue with E & O carriers is but based on the fact that you are a top contributor in engineering you should be well aware that all insurance companies have claims adjusters. Have I ever seen an E & O adjuster? Yes, Their presentations at seminars based on claims they have paid out are quite informative and interesting to learn from.

Answer 4

Well, NO ONE reads ANY adjuster's reports.  They are private information.  

But sure, carriers like St. Paul-Travelers come immediately to mind.  They have adjusters.

You don't hear of them, because E&O claims ALWAYS mean a lawsuit.  No suit, no claim.  The adjuster in the home office manages it, with the defense attorney in front.  

It's not like house or car insurance.