Litigation Specialist

First Chicago Insurance Company (FCIC)

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

Qualifications

  • College Degree and/or 5 years of applicable claims adjusting experience
  • Knowledge of legal and medical terminology
  • Excellent negotiation and communication skills
  • Strong organizational and interpersonal skills
  • Ability to pass state-required examinations for claim adjuster licensing

Responsibilities

  • Handle litigation claims per established office procedures
  • Draft coverage determinations and reservations of rights letters
  • Conduct thorough investigations securing all relevant statements and documents
  • Strategize with legal experts on defense cases and declaratory judgment actions
  • Maintain an organized diary for open claims
  • Manage vendor relationships while controlling expenses
  • Research and interpret legal and coverage materials for claims resolution
  • Prepare evaluations to facilitate settlements

Benefits

  • Competitive Salaries
  • Commitment to Training & Development
  • Medical and Dental Coverage
  • Telemedicine Benefit
  • 401k with generous company match
  • Paid Time Off and Holidays
  • Tuition Reimbursement Programs
  • Wellness Program
  • Engaging company-sponsored events
  • Comprehensive benefits package
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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