Job Details

Insurance Defense Attorney / Litigation - Insurance Attorney in Hartford, CT

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Company name

The Travelers Indemnity Company.

Organization Type

In-House

Job Type

Attorney

Practice Area

Insurance Defense
Litigation - Insurance

Years of Experience

Min 3 yrs required

Location

Hartford, CT

Date Last Verified

Aug 28,2018

Posted on

Jul 26,2018

119 hits

Profile

Claim Counsel, Professional Liability Claims The candidate will manage Professional Liability claims of varying severity in the areas of Accountants’ Professional Liability and Real Estate Professional Liability. Accountants' Professional claims include liability arising from tax preparation, audits, bookkeeping and payroll services, and other accounting practice areas. Manage and directly handle a variety of Accountants and Real Estate Professional Liability claims, reporting to the Managing Director for the team. Coordinate and collaborate on risk management services (presentations and written content) provided by the claim team in support of the Accountants and Real Estate Professional Liability business units. Maintain all necessary active adjusters licenses and remain current with all CE credit requirements. Within authority limit, thoroughly analyze, investigate, negotiate and resolve moderate severity Bond claims with moderate supervision by claims management. Make appropriate decisions within own claim authority and make appropriate recommendations to management when necessary. Comply with applicable policies and procedures, including compliance, regulatory and Bond performance and customer service standards. Maintain 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 of potential sources of recovery, to include potential responsible party, co-conspirators, beneficiaries and any third parties (Accountants and Banking Institutions, Scrap Yards, Employment Agencies, E&O, or other insurance, etc.).Identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and claims management. Assist/mentor less experienced colleagues in claim resolutions. Recognize issues with broader implications to Bond and Travelers. Represent Surety or Management Liability Claim in claim strategic initiatives (or lead team); lead Surety or Management Liability Claim strategic initiatives. Maintain knowledge of coverage, legislative and industry-related initiatives and judicial trends. Share newsletters, webinar information, case analyses, results of counsel’s legal research and/or litigation strategies with underwriting, Claim and Claim management. Provide legal support to business partners. Answer legal questions posed by underwriters that impact underwriting decisions, combining legal research with knowledge gained based on experience handling claims. Advise underwriters regarding the legal effect of bond and policy language and the extent of coverage. Answer legal questions posed by non-lawyer claim professionals to assist them in determining the legal standards applicable to claim handling and claim decisions. Policy interpretation/coverage analysis including drafting coverage opinions with case law included. Draft or review/revise new product initiatives, policies and policy endorsements and provide legal opinions relative to same. Maintain an active license in the state of your principal office location and remain current with all CLE credits. Reviewing and drafting releases and settlement agreements, including confidentiality and no disclosure provisions, for sufficiency, and drafting same for direct handled matters. Advise non-attorney claim professionals on the same. Negotiate settlements/resolutions directly or via counsel using legal arguments relevant to liability, damages, and coverage. Based on knowledge of evolving contract terms, trends, and conditions in the marketplace gained from claim handling and legal advice to underwriters, advise management of trends that may impact future losses; prepare and deliver presentations on the same to management and claim and underwriting staff. Draft or review and revise memos and alerts assessing law, statutes and regulations. Review and revise draft motion papers, briefs, and mediation/settlement statements from counsel. Review documents for production in discovery for coverage actions. Bachelors degree required. JD degree required. Must be licensed to practice law in the state in which you will be working. Should have Bachelor’s degree and law degree from accredited school, and bar admission in state of residency. Preferred candidate will have 3+ years of managing third-party Professional Liability claims in an insurance environment and relevant prior private practice experience as an attorney. Prior claims made coverage experience preferred. Strong verbal and written communication skills are required along with the ability to multi-task competing priorities.

Additional info

Ref: 16530BR

Company info

Hiring Coordinator
The Travelers Indemnity Company.
One Tower Square
1MN
Hartford, CT 06183