Litigation Specialist
First Chicago Insurance Company · Chicago, IL · 1 mo ago
HybridConsulting$70k–$119k/yrFull-time
About the role
First Chicago Insurance Company is seeking an experienced Litigation Claims Specialist to handle litigated and/or complex injury claims stemming from Personal Auto and Commercial Auto Liability policies. This role offers a first-year hiring bonus for direct applicants, competitive salaries, excellent benefits, and growth opportunities.
Responsibilities
- Handle litigation claims in accordance with established office procedures
- Determine coverage and draft any applicable reservations of rights letters
- Conduct prompt investigations by securing statements from the involved parties/witnesses and obtaining all necessary documents, including but not limited to, police reports, medical specials, photographs, and/or appraisals
- Litigation management including strategizing with defense counsel and experts on defense cases, as well as declaratory judgment actions
- Maintain an appropriate diary on all open files
- Conduct business with vendors in a manner which maintains a reasonable expense factor and upholds the company's reputation for quality service
- Ability to research and interpret case law, statute, and coverage forms in order to properly adjust and conclude claims
- Evaluate and determine potential use of experts and/or field investigators
- Maintain claim files and document all claim activity in accordance with applicable regulations and company policies
- Prepare and present claim evaluations to secure appropriate settlement authority
- Establish and maintain proper indemnity and expense reserves
- Conduct onsite review of defense counsel as required by management
- Adhere to the rules and regulations of the Department of Insurance specific to the loss state
- Perform additional duties as deemed necessary by direct supervisor/management
Qualifications
- 7–10 years of applicable auto claims handling experience
- JD a plus but not required
- Prior non-standard auto claims experience a plus
- Knowledge of legal and medical terminology
- Excellent negotiation, communication, organizational, and interpersonal skills
- Ability to pass written examinations where required by state statutes to become a licensed claim adjuster
Benefits
- Competitive salaries
- Commitment to training and development
- Medical, dental, and vision coverage
- Short-term and long-term disability insurance
- Life insurance
- Flexible spending account
- Telemedicine benefit
- 401(k) with a generous company match
- Paid time off and paid holidays
- Tuition reimbursement
- Wellness program
- Fun company-sponsored events
Pay
Estimated compensation range: $70,400–$118,750 per year. Offered compensation will be based on experience, skills, education, certifications, and geographic location. Starting salary may vary by position depending on whether the position is in-office, hybrid, or remote.