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Insurance Attorney / Litigation Attorney in New York City, NY

Liberty Mutual Insurance Company Feb 19,2015 Jan 31,2015 Location USA New York City NY
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In-House

Attorney

Litigation

Insurance Coverage

Litigation - Whistleblower - CFTC

$97,000-$112,000

Min 3 yrs required

Profile

Complex Claims Specialist - Professional Liability Duties: Responsible for evaluating coverage, conducting investigations, recommending adequate reserves, monitoring, documenting, and settling/closing claims in an expeditious and economical manner within prescribed authority limits for the line of business. Analyzes, investigates, and evaluates the loss to determine coverage and claim disposition. Utilizes ClaimCenter claim system to document claims and strategy and to diary future events and follow-up. Analyze, document and communicate reasoned and timely coverage positions. Within prescribed settlement authority for line of business, establishes appropriate reserves for both indemnity and expense and reviews on a regular basis to ensure adequacy. Makes recommendations to set reserves at appropriate level for claims outside of authority level. Timely prepares comprehensive reports as required for higher exposure claims. Identifies and communicates specific claim trends and account and/or policy issues to management and underwriting. Manages the litigation process through the retention of counsel. Adheres to the line of business litigation guidelines to include budget, bill review and payment. Proactively engages with counsel to determine strategy for efficient and successful representation of insureds. Proactively manages the case resolution process. Actively participates in mediations and arbitrations, within limit of settlement authority. Attends mediations. Participates in the claims audit process. Provides claims marketing services by meeting with brokers, risk managers and reinsurers. Works with all Insureds, particularly CA Insureds, to explain claim process and to work towards resolution of pre-claims and claims. Maintains insurance adjuster licenses. Works with Centralized Legal Billing Unit to ensure review and timely payment of vendor invoices.

Qualification and Experience

Qualifications: Bachelors’ degree required. Advanced degree or J.D. Degree preferred. 7 + years claims experience, with 3 years of professional liability claims experience; accounting malpractice claims experience strongly preferred. Advanced knowledge of claims handling concepts, practices and techniques, including coverage issues and product line knowledge. Demonstrated advanced verbal and written communications skills. Demonstrated advanced analytical, decision making and negotiation skills. Writing sample required. Willingness to work with CA insureds per PST as necessary.

Additional info

Ref- 59223

Company info