What is adjuster or adjustor?

An adjuster or adjustor is someone who is responsible for investigating and assessing claims in various fields such as insurance, finance, and law. In the insurance industry, adjusters evaluate and process insurance claims to determine the extent of the damage or loss and to determine the amount of compensation due to the insured party. Adjusters typically work for insurance companies, but they may also work for independent adjusting firms or self-employed as public adjusters. They must have strong analytical skills and knowledge of insurance policies and regulations. Adjusters may also be responsible for negotiating payment settlements with the claimant or third-party insurers.