Litigation Specialist

First Chicago Insurance Company (FCIC)

$75K — $100K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7-10 years of experience in auto claims handling
  • 5 years of full file auto claims experience needed for remote options
  • Familiarity with legal and medical terminology
  • Strong negotiation, communication, and organizational skills
  • Capability of obtaining claim adjuster license as per state statutes
  • Prefer non-standard auto claims experience, though not essential

Responsibilities

  • Manage litigation claims following established office procedures
  • Draft coverage-related letters and document reservations of rights
  • Conduct thorough investigations, gathering statements and necessary documentation
  • Strategize with defense counsel on case management and potential declaratory judgments
  • Maintain timely records for all claims and associated activities
  • Evaluate need for expert involvement and manage vendor relationships
  • Prepare claim evaluations for settlement approvals

Benefits

  • Comprehensive training and development opportunities
  • Medical and dental coverage
  • Short & long-term disability insurance
  • Life insurance options
  • Flexible spending accounts
  • Telemedicine services
  • 401k plan with company matching
  • Generous paid time off and holidays
  • Tuition reimbursement programs
  • Wellness initiatives and company-sponsored events
Full Job Description
The Litigation Specialist will be responsible for handling litigated and/or complex injury claims stemming from Personal Auto and Commercial Auto Liability policies. DUTIES & 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 • Evaluates 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 • Additional duties as deemed necessary by direct supervisor / management QUALIFICATIONS REQUIRED: • 7-10 years of applicable auto claims handling experience • 5 years minimum of full file auto claims experience for fully remote work consideration! • Prior non-standard auto claims experience a plus, not required! • 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 • In office position for onboarding and training and then Work From Home flexibility (3/2). First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive: • Competitive Salaries • Commitment to your Training & Development • Medical and Dental • Short Term Disability/Long Term Disability • Life Insurance • Flexible Spending Account • Telemedicine Benefit • 401k with a generous company match • Paid Time Off and Paid Holidays • Tuition Reimbursement Training Programs • Wellness Program • Fun company sponsored events • And so much more! Estimated Compensation Range: $75k/year-$100k/year* *Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in-office, hybrid or remote.

Similar Jobs

More Jobs at First Chicago Insurance Company (FCIC)

More Legal & Accounting Jobs

Find similar Litigation Specialist jobs: