Insurance Defense - General Attorney in Chicago, IL

In-House

Chicago, IL

Insurance Defense - General Attorney in Chicago, IL

Attorney

1-5 yrs required

No

Job Title: Associate Claim Counsel – Managed Care & Healthcare E&O, D&O, and EPL

Job Responsibilities:
- Follow operational policies to analyze, investigate, and resolve Bond & Specialty Insurance (BSI) claims of varying levels of severity with active supervision from claims management.
- Prepare and present reports for management that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies.
- Retain, monitor, and manage outside counsel actively utilizing litigation management plans and budgets.
- Communicate with underwriting on significant claim exposures.
- Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials, and depositions.
- Develop the ability to identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and Claim management.
- Refine policy interpretation/coverage analysis skills including drafting coverage opinions with case law included.
- Develop/strengthen the ability to negotiate settlements/resolutions, review releases and settlement agreements, including confidentiality and non-disclosure provisions.
- Support underwriting marketing efforts, including participation in broker and account visits and risk mitigation seminars and authoring customer-focused white papers and articles.
- Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting company’s underwriting and claim decisions.
- Obtain and maintain required adjusters’ licenses.
- Perform other duties as assigned.

Education and Experience Information:
- Bachelor’s Degree is required.
- Juris Doctorate Degree is required.
- Must be properly licensed, registered, or authorized, and in good standing, to practice law in the jurisdiction in which you will be working.
- One to five years of relevant legal or claim handling work experience is preferred.
- Ability to effectively work through conflict and resolve issues with a professional demeanor.
- Ability to make sound decisions and negotiate terms and conditions within designated authority limit.
- Strong verbal and written communication skills with the ability to clearly articulate coverage determinations.
- Time management skills with the ability to manage multiple priorities with an attention to detail, data, and analytics.
- Ability to build and maintain effective and collaborative relationships with colleagues, customers, and business partners.

Salary Information:
The annual base salary range for this position is $87, – $144,. The actual salary will be determined based on factors such as the scope, complexity, and location of the role; the skills, education, training, credentials, and experience of the candidate; and other conditions of employment. Employees are also eligible for performance-based cash incentive awards.

Additional Information:
The company offers a comprehensive compensation and benefits program that includes health insurance coverage from the first day of employment, 401(k) contributions matching, a pension plan, paid time off, a wellness program, and volunteer encouragement initiatives. The company is an equal opportunity employer and values the unique abilities and talents each individual brings to the organization.