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Years of Experience
Date Last Verified
ProfileCyber Claim Counsel, Bond and SI The candidate will effectively manage all assigned First Party Cyber claims of higher severity or complexity. 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. Will interact and collaborate with underwriting colleagues as well as with external business associates. thoroughly analyze, investigate, negotiate and resolve moderate severity First Party Cyber 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 identification of potential sources of recovery, to include potential responsible party, co-conspirators, beneficiaries and any third parties. 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. Maintain knowledge of coverage, legislative and industry-related initiatives and judicial trends. Recognize issues with broader implications to Bond and Travelers. Represent Management Liability Claim in claim strategic initiatives. Share newsletters, webinar information, case analyses, results of counsel’s 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, including 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, and 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 to claim team members. Revise pleadings, motions, briefs, legal documents, correspondence and memoranda to identify and protect the legal interests of Travelers. Research legal issues for business partners and claim team. Maintain current knowledge of relevant legal issues and trends in the management liability market place through review of legal publications.
Qualification and Experience
The candidate should have Bachelors degree . Juris doctorate degree is required. Should be licensed to practice law in the state. Law Degree is preferred. 3-5 years of claim handling experience is preferred. Exposure to cyber and data privacy issue is preferred. Must have strong communication (written and verbal), influencing, negotiating, listening and interpersonal skills to effectively develop productive internal and external relationships.
The Travelers Indemnity Company.
One Tower Square
Hartford, CT 06183
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.