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Years of Experience
ProfileClaim Counsel, Design Professional Liability Claim The candidate will 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. Will maintain all necessary active adjusters licenses and remain current with all CE credit requirements. Analyze, investigate, negotiate and resolve moderate severity architects and engineers professional liability 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. 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 as assigned; participate in Management Liability Claim strategic initiatives. Maintain knowledge of coverage, legislative and industry-related initiatives and judicial trends. Share newsletters, webinar information, case analysis, results of counsels legal research and/or litigation strategies with underwriting, Claim and Claim management. Complete contract reviews for customers and brokers to identify coverage issues for the professional liability policy raised by language in the agreements. Participate in risk management initiatives which include preparation and participation in webinars and in house presentations for customers and/or prospects; preparation and editing of material for newsletters sent to insured and brokers; preparation and/or editing of advisory bulletins; preparation of claims stories to offer risk management tips. 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. Review customer contracts to provide input on 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. Maintain current knowledge of relevant legal issues and trends in the surety market place through review of legal publications.
Qualification and Experience
The candidate must have Bachelors degree. Juris doctorate degree required. Licensed to practice law in the state in which you will be working is must. Strong communication (written and verbal), influencing, negotiating, listening and interpersonal skills to effectively develop productive internal and external relationships is required. Knowledge of moderately complex claims (e.g. non-routine, multi-party litigation). Assures compliance with litigation management and budgeting plans, including fee audit is required.
The Travelers Indemnity Company.
215 Shuman Blvd.
Naperville, IL 60563
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.