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Insurance Defense Attorney / Litigation - Insurance Attorney in New York City, NY

Great American Insurance Company Aug 23,2019 May 24,2019 Location USA New York City NY
This job is expired...

In-House

Attorney

Insurance

Litigation - Insurance

5-7 yrs required

Profile

Claims Attorney The candidate will work on financial claims within the FCIA division. Will minimize insured losses via proactive efforts to collect overdue obligations prior to claim filing, working with the insureds and the network of domestic and international collection firms or local counsel. Review, evaluate and adjust claims. Determine coverage and policy compliance. Obtain and analyze claim documentation and information. Formulate claim decisions and formally present to firm’s Claims Committee. Ensure that claims are handled in compliance with legal and regulatory requirements. Communicate and negotiate with brokers, insureds and insureds’ counsel through all phases of the loss minimization, claims adjustment and subrogation/recovery process. Retain and direct outside counsel and consultants to maximize subrogation recoveries following claim payment. Manage claims department workflow, including the setting and periodic updating, as necessary, of loss reserves, maintenance of claims files, and periodic reporting to Senior Management. Respond to insured and broker inquiries on policy questions, pre-claim issues and claim related matters. Provide excellent customer service and maintain good relationships with brokers and insureds Assist underwriters in manuscripting and negotiating policies and endorsements, advise underwriters on policy interpretation.

Qualification and Experience

The candidate should have a College degree. A Juris Doctor degree is needed. Should have 5-7 years of related property-casualty insurance claim experience, preferably in the contract surety, credit or other financial products line. Strong communication, negotiation and interpersonal skills required for interacting with attorneys, brokers, insureds and debtors in a positive manner, building trust and customer loyalty. Self-motivated, with good analytical, problem solving and decision making skills are needed. Familiarity with commercial transactions and bankruptcy preferred.

Additional info

Job ID 25244.

Company info