Job Details

Associate Claim Counsel Lawyers Professional Liability

Company name

Organization Type

In-House

Job Type

Attorney

Date Last Verified

Jun 13,2019

Valid Through

Sep 26,2019

Posted on

Apr 26,2019

Years of Experience

Min 5 yrs required

Location

Hartford, CT, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Litigation >> Litigation - General/Commercial
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Associate Claim Counsel, Lawyers Professional Liability
The candidate will manage Lawyers Professional Liability claims of varying severity, including litigation. Fulfill Bond and Specialty Insurance (Bond) Claim's mission by conducting thorough investigation, analysis, evaluation and disposition of claims to achieve superior customer service and claim results at the most reasonable cost. Learn Management Liability Bond business, products, policies and procedures through formal academic training and work experience. Effectively manage all assigned Bond claims, typically of moderate severity or complexity. Interact and collaborate with claim and underwriting colleagues as well as with external business associates. Manage and directly handle a variety of Lawyers Professional Liability claims, including legal malpractice and breach of fiduciary duty matters, reporting to the Managing Director for the team. Coordinate and collaborate on risk management services (presentations and written content) provided by the claim team in support of the Professional Liability business unit. 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. 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 company businesses. Recognize issues with broader implications to Bond and company. 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. Review transactional documents to provide legal advice and risk analysis to business partners. Provide legal advice on litigation strategies. Research legal issues for business partners and claim team. Maintain current knowledge of relevant legal issues and trends through review of legal publications. Perform other duties as assigned.

Qualification and Experience

A Bachelors degree required. Juris doctorate degree required. Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which will be working. Preferred candidate will have experience in Professional Liability claims in an insurance environment and/or relevant prior private practice experience as an attorney. Strong verbal and written communication skills are required along with the ability to multi-task competing priorities. Should have 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. Must effectively articulates legal issues to claim team, business partners and customers. Must learns claim handling practices and skills. Develops understanding of legal aspects of the business and products. Learns litigation management and budgeting practices. Develops working knowledge of Bond technology tools.

Company info

Hiring Coordinator
The Travelers Indemnity Company.
One Tower Square
1MN
Hartford, CT 06183

Review:

"Possibly a Perfect Workplace"

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.
Cons : Some people may hate the forced feeling of interacting with co-workers outside of normal work hours if they have a hard time with dealing with people.
Current or former employee? : Current Employee

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