Job Details

Insurance Coverage Attorney in Princeton, NJ

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Company name

CNA.

Organization Type

In-House

Job Type

Attorney

Practice Area

Insurance Coverage

Years of Experience

3-5 yrs required

Location

Princeton, NJ

Date Last Verified

Oct 14,2017

Posted on

Oct 03,2017

23 hits

Profile

Claims Specialist - Lawyers Professional Liability The candidate under technical direction, investigates and maintains Lawyers Professional Liability claims. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizing claims policies and guidelines, reviews coverages, determines liability and compensability, secures information, and negotiates and settles claims. This position supports the Large Law business segment. Interprets more complex or unusual policy coverages and determines if coverages apply to claims submitted, escalating issues as needed. Sets reserves and authorizes payment within scope of authority, effectively settling claims in most cost effective manner and ensuring timely issuance of disbursements. Coordinates and performs investigations and evaluates claims and suits through contact with insureds, claimants, witnesses and experts. Identifies files that have potential fraud and refers to SIU. Utilizes negotiation skills to develop complex settlement packages. Identifies claims with third party recovery potential and coordinates with subrogation/salvage unit. Works with attorneys, account representatives, agents, internal large claim unit, managers, underwriters and insureds regarding the handling and/or disposition of more complex claims. Analyzes claims activities and prepares reports for management. May be responsible for special projects and presentations. May update the claims systems. May provide guidance and assistance to other claims staff and functional areas. Keeps current on state/territory regulations and issues as well as industry activity and trends. May perform additional duties as assigned.

Qualification and Experience

The candidate should have Bachelor's degree or equivalent experience. Professional designations preferred. Attorney license a plus. Must have 3-5 years claims experience preferably in Lawyers Professional Liability. Should have solid knowledge of Microsoft Office Suite as well as other business-related software. Must have solid knowledge of claims and insurance industry theory and practices. Should have demonstrated technical expertise and product specific knowledge. Should have strong analytical and problem solving skills. Must have strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of company's internal and external business partners. Must have ability to exercise independent judgment and make critical business decisions effectively.

Additional info

Ref-CLA0001RU

Company info

Hiring Coordinator
CNA.
500 College Rd E
Suite 401
Princeton, NJ 08540