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determining the amount of damages suffered by an insured property
owner as the result of natural or man-made disasters such as
hurricanes, earthquakes, and fires. Catastrophic claims
adjusters inspect property for insurance companies after a
disaster and determine whether the property was damaged by the
catastrophe and the monetary amount of the damage. As a young
man, Eberl sometimes helped his father in catastrophic claims
adjusting activities.
2. Employment
In 1975, Eberl was 18 years old and bought his first house.
He repaired it and sold it for about twice the amount he had paid
for it. From 1975 to about 1985, Kirk and Grace Eberl bought,
lived in, repaired, and sold about 17 houses. Eberl also built
houses, self-storage units, and condominiums.
Before 1986, Eberl occasionally worked as a claims adjuster
for independent catastrophic claims adjusting companies. In
1986, Eberl began working full time as a catastrophic claims
adjuster for several independent catastrophic claims adjusting
companies.
B. Petitioner
1. Formation
In 1987, Eberl started an independent claims adjusting
business, which he operated as a sole proprietorship. Eberl knew
many claims adjusters before he formed petitioner. In 1988, he
incorporated petitioner. Eberl's only capital investment in
petitioner was $500.
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Last modified: May 25, 2011