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Years of Experience
Date Last Verified
ProfileClaims Counsel The candidate will handle Financial Line Claims that could include Directors and Officers (D&O), Errors and Omissions (E&O) or Employment Practices Liability (EPL) claims of moderate complexity. Will have experience reviewing complaints, arbitration demands, coverage analysis, determining exposure and setting appropriate reserves. They will resolve claims according to Best Practices and within authority limits. Will regularly communicate with customers and brokers and may be dedicated to handle claims for specific accounts. Additional responsibilities include: Analyze coverage, liability and damages; Participate in mediations and negotiating settlements; Draft reservation of rights and coverage denial letters; Notify Underwriter of claim issues; Draft case summary reports in connection with significant reserve increases and trial preparation; Direct activities of defense counsel; Extensive communication with insureds, brokers, reinsurers and business unit contacts.
Qualification and Experience
The candidate should have Juris Doctor and 2+ years of experience in the Claims and/or Litigation area within the Insurance industry. OR Bachelors Degree and 3+ years of experience in the Claims and/or Litigation area within the Insurance industry. OR High School Diploma or Equivalent and 5+ years of experience in the Claims and/or Litigation area within the Insurance industry. AND Must obtain and maintain required adjuster license(s). Knowledge of the insurance industry, claims and the insurance legal and regulatory environment. Knowledge of claims handling or insurance legal statutes and procedures. Customer service experience. Travel 0-25%. Negotiation experience preferred. Should have 3+ years of claims experience in professional liability, D&O and/or E&O. Strong communication skills. Organization and time management skills. Experience collaborating across work groups. Microsoft Office skills.
Ref - 170003UX