Property & Casualty Exam Prep 67, Claims Handling and Loss Investigation

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The critical steps in the insurance claims process, from First Notice of Loss to Settlement. - The crucial difference between salvage (recovering property) and subrogation (recovering from a third party). - Why producers and adjusters must avoid making unauthorized promises about claim payments. - The purpose and function of a claim reserve in ensuring an insurer's financial stability. - Key duties of a claims adjuster, including investigation, documentation, and communication. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep