By law your insurance broker can profit by sharing the settlement fees with the public adjuster they recommend to settle your losses. However, in accordance with a legal NYSDFS-OCG opinion regarding prevailing N.Y. Ins. Law § 2110 (McKinney 2006), the following restrictions apply: (a) your broker must still be licensed at the time of your loss, (b) they must either be the broker of record who placed the insurance involved in the adjustment of your loss, or if you changed brokers they must have been designated to act for you in writing before your loss occurred, and (c) they must have disclosed to you in writing that they will share in the adjusting fee the public adjuster is charging you. Failure to inform you could be perceived as divided or conflicting loyalty, which itself may be regarded as untrustworthy conduct within the meaning of the NYS insurance law.  Although we never share our fees with a broker, we do evaluate  their request to represent their large loss clients.