| Business Summary | | Frontier
Adjusters
of
America,
Inc.
licenses
and
franchises
independent
insurance
adjusters
(the
Adjusters)
throughout
the
United
States
and
in
Canada,
and
provides
support
services
to
the
Adjusters.
The
Adjusters
are
engaged
by
insurance
carriers
and
self-insured
companies
to
adjust
claims
made
against
them
by
claimants
and
by
policyholders.
In
addition,
the
Company,
and
certain
of
the
Adjusters,
offers
risk
management
services
to
their
clients.
As
of
June
30,
2000,
the
Company
had
entered
into
499
license
and
franchise
agreements
with
394
entities,
operating
382
offices
with
672
advertised
locations
in
50
states,
the
District
of
Columbia
and
Canada.
In
addition
to
licensing
and
franchising
Adjusters,
the
Company
owns
and
operates
independent
insurance
adjusting
and
risk
management
businesses
in
Arizona
and
Nevada. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FAJ
is
engaged
in
the
licensing
and
franchising
of
independent
adjusters
throughout
the
United
States
and
Canada.
FAJ
also
operates
independent
adjusting
businesses
in
AZ
and
NV.
For
the
nine
months
ended
3/31/01,
total
revenues
fell
2%
to
$4.6
million.
Net
income
rose
56%
to
$1.4
million.
Revenues
reflect
a
decrease
in
adjusting
fees
in
Phoenix
and
Tucson
offices.
Earnings
reflect
lower
compensation
and
fringe
benefit
expenses,
and
lower
bad
debt
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | John Davies, 44 | Chairman,
Pres, CEO | Jeffrey Harcourt, 39 | CFO,
Treasurer, Director | Jeffrey Jordan, 44 | Exec.
VP | William White, 46 | VP,
Director | James Rocke, 32 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|