The association recognizes that the profession of average adjuster is not well-known to the public.
“When there is a maritime disaster, the average adjuster becomes the impartial general manager of the entire situation, or he can assist the various parties involved to establish what we call the particular average,” Mao told the association’s annual meeting in New York Thursday.
He noted that, with the consolidations in the shipping industry and fewer careers available at sea and on shore, “this profession allows vast use of a fine education and will fill international needs within the waterborne commerce industry.”
“While not a lawyer, surveyor, engineer, or salvage expert, we are at the center of all these professional functions,” Mao added. Average adjusters work with vessel owners, maritime lawyers, the judiciary, underwriters and brokers.
Mao said that accidents of different kinds are very common at sea and happen every day.
“Different ship parts are broken due to heavy weather, or wear and tear, or are due to crew negligence,” he said. “Ships collide and run aground. Ships sink.”
While accidents are always investigated and paid for by the insurance companies and underwriters, “it is seldom that governments or authorities get heavily involved, except in deadly accidents, collisions, grounding and oil spills, where criminal liability may come into play,” Mao said.
The Association of Average Adjusters of the United States has over 700 members.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now