Claims Counsel

Min 4 yrs required

Full-time

No

Salary Information

The salary range for Claims Counsel is $85,000 - $90,000 per year, depending on experience.



Job Title: Claims Counsel


H1: Claims Counsel



Overview

Claims Counsel is a full-time position with Old Republic Professional that offers a salary range of $85,000 - $90,000 per year, depending on experience. The position is located in Downtown-Chicago, IL with a hybrid remote work option with a minimum of three days in the office. The Claims Counsel is responsible for the management of complex claims and transactional liability, from first notice to conclusion, involving Directors and Officers (D&O), Financial Institutions (FI), and transactional liability insurance policies.



H2: Job Responsibilities

• Manage and document activity for complex claims, including coverage evaluation, investigation and consideration of multiple factors to assess potential liability and exposure presented

• Develop action plans to secure appropriate and timely resolution

• In-depth knowledge of Old Republic insurance policy forms, industry trends, and issues common to particular lines of insurance

• Draft insurance coverage correspondence and reports

• Negotiate and settle claims within designated authority level and in accordance with applicable laws, regulations, and statutes

• Evaluate, request and assign timely and appropriate reserves to claims; monitor reserve adequacy from inception to resolution of claims

• Strategically assign, coordinate, and manage outside counsel and vendors to obtain optimal claim outcomes; reviews attorney invoices and monitor expenditures for compliance with billing guidelines

• Represent Company in depositions, mediations, and trial monitoring as needed

• Communicate claim activity with insured and internal management, maintain professional relationships with internal and external audiences

• Work collaboratively and productively with claims team

• Refer cases as appropriate to supervisor and Company management

• Collaborate with underwriting partners on policy renewals, identify existing claims and trends to support business efforts and promote client relationships

• Consider innovative methods to improve claim efficiencies and outcomes

• Delegate work and mentor assigned staff



H2: Qualifications

•

• 4+ years of relevant insurance, claims-related, or law firm experience

• Assist in managing transactional liability claims

• Professional liability claims experience specializing in Directors and Officers (D&O) or Financial Institutions (FI) preferred

• In-depth knowledge of appropriate D&O or FI insurance principles and laws

• Private practice litigation experience preferred

• Excellent verbal and written communication skills, including presentation skills

• Strong analytical and interpretive skills

• Effective time management and organizational skills

• Effective advocacy and negotiation skills

• Detail-oriented, adaptable, and strategic in decision-making

• Customer-service and relationship oriented; strong interpersonal skills

• Ability to work independently and remain self-motivated in a fast-paced environment

• Willingness to travel for mediations, settlement conferences, and client or account meetings

• Experience maintaining confidentiality of work-related information and materials



H2: Salary Information

The salary range for Claims Counsel is $85,000 - $90,000 per year, depending on experience.



Job Title: Claims Counsel



Company is seeking a Claims Counsel to join their team. The position is a full-time role located in Downtown-Chicago, IL with a hybrid remote work option with a minimum of three days in the office. The Claims Counsel will be responsible for the management of complex claims and transactional liability, from first notice to conclusion, involving Directors and Officers (D&O), Financial Institutions (FI), and transactional liability insurance policies. The successful candidate will have a Juris Doctor (.) degree from an accredited law school with license to practice law in the ., 4+ years of relevant insurance, claims-related, or law firm experience, and in-depth knowledge of appropriate D&O or FI insurance principles and laws.



H1: Claims Counsel



Overview

Company is looking for a Claims Counsel to join their team. This is a full-time position located in Downtown-Chicago, IL with a hybrid remote work option with a minimum of three days in the office. The Claims Counsel will be responsible for the management of complex claims and transactional liability, from first notice to conclusion, involving Directors and Officers (D&O), Financial Institutions (FI), and transactional liability insurance policies. The salary range for Claims Counsel is $85,000 - $90,000 per year, depending on experience.

Insurance Principles, Laws, Litigation, Verbal and Written Communication, Presentation, Analytical and Interpretive, Time Management, Organization, Negotiation, Interpersonal

Juris Doctor (J.D.) degree from accredited law school

Submit a resume to

Qualification and Experience Juris Doctor (J.D.) degree from accredited law school with license to practice law in the U.S. required

Legal