Eberl's Claim Service, Inc. - Page 3




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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