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Years of Experience
Date Last Verified
ProfileClaims Specialist - Indemnity Asbestos - Litigated The candidate performs continuous review of claims inventory. Prepares appropriate internal reports, memos and analysis on a regular basis. Promptly and effectively handles to conclusion assigned claims with little to no direction and oversight which may include complex and catastrophic casualty losses. Promptly and effectively handles to conclusion all assigned claims with little to no direction and oversight. Makes decisions within delegated authority, recommends settlement values in the disposition of serious and sometimes complex claims as outlined in company policies and procedures. Adheres to high standards of professional conduct consistent with the delivery of superior service. Brings files to closure, either by voluntary dismissals or by negotiation of settlements. Determines amount of appropriate settlements or grounds for denial. Assists in the drafting of settlement documents. Completes thorough review and analysis of each claim. Investigates liability and damages. Opens, closes and adjusts reserves in accordance with company practices designed to ensure reserve adequacy. Recommends Special Reserves where necessary. Negotiates cost share agreements between other insurance carriers and policyholders. Maintains current knowledge of: court decisions which may impact the claims function; current principles and practices in the claims function; material damage techniques and repair technology innovations; and policy changes and modifications. May be required to maintain knowledge of other functions within assigned discipline. This may require attendance at various seminars or training sessions. Serves as a mentor to less experienced claims associates and assists with training/presentations as assigned by claims management. Creates ans analyzes severe incident reports, reinsurance reports and other information to home office, claims management, and underwriting. Determines duty to defend and selects Defense Counsel as appropriate. Closely monitors outside counsel's work product. Reviews and gives input in all levels to interrogatories, etc., in each case. Manages litigation when appropriate. Consults claims staff and defense counsel for discovery processes, suit file/trial strategy as related to case-specific issues. Serves as company witness on coverage position at depositions. Attends mediation session in attempt to resolve claims. Delivers a positive On-Your-Side customer service experience to all internal, external, current and prospective Nationwide customers. Other duties as assigned. Undergraduate degree or equivalent experience is preferred. Advanced degrees in law or related discipline is desirable. Successful completion of required claims certification schools/courses is needed. Professional development such as IIA or CPCU is preferred. State licensing where required. Should have 4 years specialty claims experience. Understanding of regulatory and legal issues that relate to environmental and other specialty claims are needed. Advanced oral and written communication skills for interaction with technical experts, insured's, federal agencies, the legal profession and other insurance companies are needed. Ability to operate a personal computer and related business and claims software is needed.
Job ID: 50358
Nationwide Mutual Insurance Company.
400 Westwood Dr
Wausau, WI 54401