Litigation Specialist, SLU

Duties

• Handle litigated or complicated general liability, umbrella, liability under homeowners and other suits which may be assigned.
• Review, monitor and direct the activities of attorneys and outside vendors.
• Assist Supervisors and/or Assistant Manager in training and developing technical staff, scheduling and presenting seminars on important claims technical issues.
• Analyze and resolve coverage problems and issues. Recommend changes in policy language if/when necessary.
• Write Denial or Reservation of Rights letters when appropriate or necessary.
• Initially establish and maintain proper loss reserves and negotiate loss settlements.
• Conduct in-house investigation, by recording statements, ordering police reports, securing medical reports, reviewing repair estimates, etc.
• Attend necessary meetings or appearances on assigned claims as directed or approved by Supervisor.
• Maintain control of outside vendors/attorneys and their expenses by directing assignments and limiting their scope so as to maximize cost efficiency while minimizing delays in claim handling.
• Adhere to provisions of Litigation Management Program and cost containment principles.
• Maintain compliance with Fair Claims Practices Act or rules and internal instructions.
• Keep supervisor, reinsurer and excess insurer informed regarding significant developments in claims.
• Prepare required reports and other notices in a timely manner.
• Answer correspondence and inquiries promptly from brokers/agents, insureds, claimants, attorneys, outside vendors, TMM employees, etc.

Qualifications

• College Degree, Preferred
• Ten years of experience with Liability claims
• Knowledge of general liability, product liability, umbrella auto and homeowners policy coverage
• Thorough Knowledge of liability coverages - Knowledge of basic reinsurance and codings related to technical matters
• Ability to negotiate settlement of claims in timely and reasonable fashion by using structured settlement when appropriate
• Strong oral and written communication skills

Pay

Salary range $110,000 to $120,000. Ultimate salary offered will be based on factors such as applicant experience and geographic location.

Benefits

We offer a comprehensive benefit package, which includes a generous 401K match.

Company Information

Our company offers a competitive benefits package and bonus eligibility on top of base.