Berkley

Senior Claims Consultant

Location Name IL, Chicago - 550 W Jackson Blvd - 4th Floor
ID
2024-10814
Date Posted
1 month ago(9/11/2024 9:56 AM)
Company
Berkley Select
Primary Location
US-IL-Chicago
Category
Claims

Company Details

Berkley_Select_Logo

 

Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices to provide superior products and services to its customers.

Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB).

 

The company is an equal employment opportunity employer.

Responsibilities

The Senior Claims Consultant is responsible for the handling, oversight and overall direction of complex management and professional liability claims.  Specifically, the position will be responsible for direct handling of complex claims involving lawyers professional liability (LPL) and private company directors and officers liability (D&O).  The position will also directly handle coverage litigation involving policies underwritten by Berkley Select.  The individual should be a technical expert in the interpretation of complex claims-made and reported policy coverages. Under limited management direction, will analyze, coordinate and resolve claims within assigned limits of broad authority.  Individual should have strong writing, communication and presentation skills.

 

  • Manages complex investigations of LPL and D&O claims, including identifying insurance coverage issues, liability, compensability and damages. 
  • Manages coverage litigation against and initiated by the company.  Determines if a claim should be settled or litigated and implements an appropriate resolution strategy accordingly. Effectively manages loss costs and claim expenses.
  • Manages all types of investigative activity or litigation on claims, including the posting of appropriate reserves in a timely manner. Coordinates discovery and litigation strategy with coverage counsel, panel attorneys and/or counsel retained by the insured.
  • Negotiates complex settlement packages through mediations and alternative dispute resolution mechanisms.
  • Makes recommendations on claims processes and resolution strategies to management.  Drafts concise and well written large loss reports for reporting to senior management.
  • Prepares and presents claims to management and other internal business partners and clients.
  • Works with attorneys, account representatives, agents, and insureds regarding the handling and/or disposition of highly complex claims.

Qualifications

  • Juris Doctor required.
  • At least 10 years professional liability claims experience with a strong background in insurance coverage litigation and analysis, LPL claims, D&O claims and/or other professional liability lines.

  • Advanced technical and product specific expertise, claims resolution skill and knowledge of insurance claims principles, practices and procedures.

  • Strong background in fully comprehending complex claim facts and issues, implementing strategies with a proactive long-term view of business goals and objectives and evaluating claims based on a cost benefit analysis.

  • Creativity in resolving unique and challenging business problems.

  • Strong skills needed in communications, negotiation and presentation skills.

  • Advanced analytical and problem solving skills.

  • Prioritization and organization of multiple projects.

  • Strong interpersonal and team participation skills.

  • Strong knowledge of state, federal and local laws and regulations, business corporation laws and litigation.

  • Strong knowledge of insurance coverage laws and principles, including state claim handling regulations and requirements. 

Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Regular and predictable attendance is required.

Employees must be able to adhere to a consistent work schedule as determined by management.

Maintain punctuality to ensure operational effectiveness and to meet the needs of our clients.

Collaborate with team members and participate in scheduled meetings and events.

Sponsorship Details

Sponsorship not Offered for this Role

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