AmTrust Financial Services

General Liability Claims Specialist

AmTrust Financial Services • $90K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7-8+ years of claims handling experience, preferably in commercial general liability
  • Experience adjusting litigated files
  • State licensure as required

Responsibilities

  • Maintains financial accountabilities and controls loss adjustment expenses
  • Handles moderate-to-high complexity commercial general liability losses, including litigated claims
  • Makes timely contacts with insureds, claimants, attorneys, and witnesses
  • Determines and analyzes applicable coverages and plans investigations
  • Discusses coverage issues with supervisor and drafts coverage positions
  • Applies facts to law for proper evaluation of exposure
  • Controls claims-related expenses and executes plans of action to resolution

Benefits

  • Medical & Dental Plans
  • Life Insurance for employees and eligible dependents
  • Health Care and Dependent Care Flexible Spending Accounts
  • 401k Savings Plans
  • Paid Time Off
  • Career advancement opportunities
Full Job Description
Overview

The Claims Specalist is responsible for the prompt and efficient examination, investigation and settlement or declination of insurance claims through effective research, negotiation and interaction with insureds and claimants, ensuring that company resources are utilized in a cost effective manner in the process for General liability claims within BI.

Responsibilities
  • Maintains appropriate financial accountabilities (reserving) and controls loss adjustment expenses
  • Responsible for handling moderate-to-high complexity commercial general liability losses, including litigated claims.
  • Makes timely and appropriate contacts with interested parties, including, but not limited to the insured, claimant/attorney, witnesses and producers.
  • Determines, reviews and analyzes coverages that may or may not apply to the claim; Plans, executes and reviews investigations-coverage, liability and/or damages 6 including the securing of a signed or recorded statement of the insured, claimant and/or witnesses.
  • Discusses possible coverage issues with supervisor and drafts coverage positions as applicable. Obtains medical records and reports; police ambulance and agency reports; photographs and measurements; and, expert assistance/testimony.
  • Applies facts, as determined by contacts and investigation, to the law of a particular jurisdiction to properly evaluate exposure.
  • Establishes indemnity and expense reserves as the claim transpires.
  • Controls and manages claims-related expenses; determines and executes plans of action to resolution, including the avoidance/minimization of litigation.
  • Works with and actively monitors and manages defense counsel.
  • Minimizes losses through identification of subrogation and prompt disposition.
  • Identifies issues (coverage, liability, damages, handling), seeks appropriate guidance, and communicates pursuant to authority structure.
  • Determines and fulfills reporting requirements to supervisor/manager, Home Office, SIU, client companies and reinsurers.
Qualifications
  • 7-8+ years of claims handling experience, preferably within the commercial general liability space
  • Experience adjusting litigated files
  • State licensure as required

The expected salary range for this role is $90,000-115k/yr

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

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What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

About AmTrust Financial Services

AmTrust Financial Services, Inc. is a multinational property and casualty insurance company. The company provides coverage for small businesses, workers' compensation insurance, extended warranty coverage, specialty risk and extended warranty coverage, and other insurance products. AmTrust Financial Services, Inc. was founded in 1998 and is headquartered in New York City. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol AFSI.
Learn more about AmTrust Financial Services
Size
8,000 employees
Industry
Founded
1998

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