Litigation Specialist

First Chicago Insurance Company (FCIC)

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

Qualifications

  • College degree or 5 years of relevant claims adjusting experience.
  • Knowledge of legal and medical terminology.
  • Strong negotiation and communication skills.
  • Effective organizational and interpersonal abilities.
  • Capability to pass state examinations for claims adjuster licensure.

Responsibilities

  • Handle litigation claims per established office procedures.
  • Determine coverage and draft reservations of rights letters.
  • Conduct investigations, including securing statements and necessary documents.
  • Manage litigation by strategizing with defense counsel and experts.
  • Maintain organized diaries for all open claims.
  • Foster relationships with vendors while managing expenses and quality service.
  • Research and interpret case law and regulations to adjust claims effectively.
  • Evaluate the need for experts and investigators in claims management.
  • Document all claim activity according to regulations and company policies.
  • Present claim evaluations for settlement approval.

Benefits

  • Competitive salaries with an emphasis on employee development.
  • Comprehensive medical and dental coverage, including telemedicine.
  • 401k plan with generous company matching.
  • Paid time off and designated holidays for work-life balance.
  • Tuition reimbursement for ongoing education and training.
  • Wellness programs and fun company-sponsored events.
Full Job Description
We are seeking an experienced Litigation Specialist! 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: - College Degree and / or 5 years of applicable claims adjusting experience. - 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. 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 - 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! Visit our company website at firstchicagoinsurance.com 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.

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