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In-House
Attorney
Insurance Coverage
Claim Counsel, Bond And SI RESPONSIBILITIES: Maintain all necessary active adjusters licenses and remain current with all CE credit requirements. Within authority limit, thoroughly analyze, investigate, negotiate and resolve moderate severity Bond claims with moderate supervision by claims management. Make appropriate decisions within own claim authority and make appropriate recommendations to management when necessary. Comply with all policies and procedures, including compliance, regulatory and Bond performance and customer service standards. Be accountable for accurate documentation/information in claim file and Bond Claim Management System (BCMS) and adhere to Claim documentation standards (i.e. coverage analysis, reserve and settlement rationale, current diary). Prepare reports (i.e., Large Loss Memos, quarterly claim, EC, trial, class action) to management which accurately reflect loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies. Proactively optimize pre-loss recovery opportunities through indemnitors and collateral. 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. Within authority limit, make quick, sound decisions and negotiate terms and conditions consistent with Bond standards. Solicit input and guidance from management when resolving claims which are beyond authority level. Communicate reserve adjustments to underwriting. Assist/mentor less experienced colleagues in claim resolutions. Recognize issues with broader implications to Bond and Travelers. Represent Management Liability Claim in claim strategic initiatives (or lead team); lead Management Liability Claim strategic initiatives. Maintain knowledge of coverage, legislative and industry-related initiatives and judicial trends. Share newsletters, webinar information, case analyses, results of 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 transactional documents to provide legal advice and risk analysis to business partners on impact to indemnity and security packages. Review customer contracts to provide input on legal advice and risk analysis of contract language. Participate in drafting internal topic documents (e.g., white papers, 50 state surveys). Review and analyze Bond forms to provide input on legal advice and risk analysis to underwriting. Provide legal advice on litigation strategies. Research legal issues for business partners and claim team. Participate in drafting indemnity agreements and riders. Maintain current knowledge of relevant legal issues and trends in the surety market place through review of legal publications. Perform other duties as assigned.
Qualification and Experience
Qualifications: Bachelors degree required. JD degree required. Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which will be working. Maintain all necessary active adjusters licenses and remain current with all CE credit requirements. Strong communication (written and verbal), influencing, negotiating, listening and interpersonal skills to effectively develop productive internal and external relationships. Effectively communicates and collaborates with Bond colleagues. Ability to communicate decisions. Assistance is required to deliver more difficult messages. Presents a positive, professional image of the company through demonstrated expertise and knowledge of the company, its products and services. Influences others through sound judgment and decision making. Strong legal research skills Effectively articulates legal issues to claim team, business partners and customers. Builds and maintains effective working relationships with peers and managers within and across organizational lines. Developing ability to build strong teams of internal and external resources that are technically competent and characterized by a high level of coordination and trust to resolve claim matters. Balances individual needs with Business Unit goals and fosters cooperation throughout the team. Works with peers to resolve issues by listening for understanding, discussing all issues related to the situation, and coming to a solution. Knowledge of moderately complex claims (e.g. non-routine, multi-party litigation). Assures compliance with litigation management and budgeting plans, including fee audit. Develops claim strategies and implements within limits of authority. Ability to use Bond technology tools proficiently.
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