Handle the most technically challenging claims encountered by the company, including serious and catastrophic injuries or complex coverage issues involving liability, damages, evidence, or other complex legal issues.
*** Develop exposures and evaluate injury claims based on damages, the insurance contract, company policies, and applicable state laws.
***Investigate and evaluate coverage, liability and damages in handling of claims involving serious and catastrophic injuries, complex coverage, and other legal issues.
*** Maintain proper reserves on all pending claims.
*** Ensure timely referral of suits to counsel and evaluate changes in exposure through the course of discovery, considering costs and strategic plan of actions to prepare for trial or determine settlement capability.
*** Manage defense counsel in litigation of serious and complex claims.
*** Evaluate and negotiate fair and equitable settlements, and obtain proper closing documents.
*** Maintain current diary on all claims.
*** Provide technical support to claims branches on serious and complex liability, damages and coverage issues.
Generous compensation and excellent bonus packages, competitive benefits package with an industry leading 1:1 matched 401(k) contribution and competitive medical, dental and vision insurance plans. Fantastic paid time off with personal days, sick days, vacations and holidays. Employee stock share options with sign-on.
Please reference #37774175 when responding.
Education Requirements: Bachelor Degree
Minimum Experience Requirements: 2-5years
Job City Location: Schaumburg
Job State Location: IL
Job Country Location: USA