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Years of Experience
Date Last Verified
ProfileAssociate Claim Counsel, Bond & SI Duties: Maintain all necessary active adjusters licenses and remain current with all CE credit requirements. Within authority limit, analyze, investigate, negotiate and resolve low to moderate severity Bond claims with active supervision by claims management. Enhance decision making skills and confidence necessary to make appropriate decisions within own claim authority and to make appropriate recommendations to management when necessary. Learn operational policies, procedures, workflow and performance standards in order to comply with all regulatory and Bond customer service standards. Be accountable for accurate documentation/information in claim file and Bond Claim Management System (BCMS). Learn and adhere to Claim documentation standards (e.g. coverage analysis, reserve and settlement rationale, current diary). Prepare reports (e.g. Large Loss Memos, quarterly claim, EC, trial, class action) to management that accurately reflect loss development, potential/actual financial exposure, coverage issues, and claim and recovery strategies. Surety: Proactively optimize pre-loss recovery opportunities through indemnitors and collateral. Management Liability: Proactively optimize pre-loss recovery opportunities through identification of potential sources of recovery, to include potential responsible party, co-conspirators, beneficiaries and any third parties (Accountants and Banking Institutions, Scrap Yards, Employment Agencies, E&O, or other insurance, etc.). Identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and claims management. Within authority limit, retain, monitor, manage and approve payments to outside counsel on routine litigation matters, actively utilizing litigation management plans and budgets. Guidance is needed for non-routine litigation. Learn and utilize negotiating skills and strategies within a litigation and non-litigation context. Keep claims management apprised of all claims being handled, seeking input and guidance, as necessary, for prompt resolution. Communicate reserve adjustments to underwriting. Learn and develop product knowledge. Gain an overall understanding of all Bond Business Units and Travelers businesses. Recognize issues with broader implications to Bond and Travelers. Represent Surety or Management Liability Claim in claim strategic initiatives (or lead team); lead Surety or Management Liability Claim strategic initiatives. Share newsletters, webinar information, case analyses, results of defense counsels legal research and/or litigation strategies with underwriting, Claim and Claim management. Maintain an active license in the state of your principal office location and remain current with all CLE credits. Provide legal support to business partners. Review and analyze Bond forms to provide input on legal advice and risk analysis to underwriting. Participate in drafting indemnity agreements and riders. Review transactional documents to provide legal advice and risk analysis to business partners. Review customer contracts to provide input on legal advice and risk analysis of contract language. Provide legal advice on litigation strategies. Research legal issues for business partners and claim team. Participate in drafting indemnity agreements and riders (Surety Claim). Maintain current knowledge of relevant legal issues and trends in the surety market place through review of legal publications.
Qualification and Experience
Qualifications: Bachelor’s degree required. JD Degree required. Licensed to practice law in the state in which will be working. Strong communication (written and verbal), influencing, negotiating, listening and interpersonal skills to effectively develop productive internal and eventually external relationships. Effectively communicates with Bond colleagues. Ability to communicate decisions. Strong legal research skills. Effectively articulates legal issues to claim team, business partners and customers. Works well independently as well as in a team environment. Effectively collaborates with Bond colleagues. Develops skills to work with peers to resolve issues by listening for understanding, discussing all issues related to the situation, and coming to a solution.
The Travelers Indemnity Company.
21688 Gateway Center Drive
Diamond Bar, CA 91765-2451
Current Employee - Reviewed on December 16, 2017
Remind people that socializing is optional and keep people from stressing from it too much but also encourage those that want to join in to do so.Pros : Not only is everyone here paid fairly but everyone just seems to get along and is fairly relaxed. It would be in character for most people to say hello outside of work and just chat.