Job Details

Associate- Claims

Company name

Organization Type

In-House

Job Type

Attorney

Date Last Verified

Oct 12, 2021

Valid Through

Jan 25, 2022

Posted on

Jan 17, 2019

Years of Experience

Min 1 yrs required

Location

Jersey City, NJ, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Insurance Defense >> Insurance Defense
Litigation >> Litigation - Insurance
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Profile

Associate- Claims
The candidate will under close supervision, receives assignments and reviews claim and policy information to provide background for investigation and may determine the extent of the policy’s obligation to the insured depending on the line of business. Will assist on contacts, interviews and obtains statements (recorded or in person) from insureds, claimants, witnesses, physicians, attorneys, police officers, etc. to secure necessary claim information. Depending on line of business may inspect and appraise damage for property losses or arranges for such appraisal. Evaluates facts supplied by investigation to determine extent of liability of the insured, if any, and extent of the company’s obligation to the insured under the policy contract. Prepares reports on investigation, settlements, denials of claims, individual evaluation of involved parties etc. Sets reserves within authority limits and recommends reserve changes to Team Leader. Reviews progress and status of claims with Team Leader and discusses problems and suggested remedial actions. Prepares and submits to Team Leader unusual or possible undesirable exposures. Assists Team Leader in developing methods and improvements for handling claims. Settles claims promptly and equitably. Obtains releases, proofs of loss or compensation agreements and issues company drafts in payments for claims. Informs claimants, insureds/customers or attorney of denial of claim when applicable. Should have JD or Bachelor’s degree or Master’s degree or equivalent experience. Knowledge of insurance industry is desired. Basic knowledge of claims handling concepts, practices, and procedures is desired. Basic Microsoft Word, Excel, and Outlook is desired.

Additional info

Job Number: 315144

Company info

Hiring Coordinator
The Chubb Corporation
15 Mountain View Road
Warren, NJ 07059

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