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W.R. Berkley

Commercial insurance underwriting, reinsurance, and investments

Senior Claims Counsel

Legal Counsel & Legal SupportPosted on Nov 9
Full-timeChicago, IL, USA

About the Job

Requirements

  • At least 15 years of related experience handling claims.
  • Experience servicing professional liability and high-exposure bodily injury lawsuits is preferred.
  • Advanced knowledge of legal terminology and concepts.
  • In-depth understanding of industry best practices for adjudicating claims.
  • Proficiency with insurance contract interpretation and coverage issues.
  • Proficiency with Microsoft Office applications.
  • A bachelor’s degree from a four-year college or university is required.
  • A J.D. is required.
  • Maintain all state licensing requirements.

Responsibilities

  • Investigate assigned claims using defined best practices.
  • Actively develop information on reported claims, including case facts, the nature and extent of injury, standard-of-care and causation defenses, venue-specific factors, and other characteristics that affect claim severity.
  • Evaluate information obtained through claim investigations and estimate damage ranges to identify claims with potential excess exposure promptly.
  • Apply ongoing triage rules to determine appropriate severity and assignment levels.
  • Directly manage and actively intervene in the most technically complex and highest-severity claims in the company’s inventory.
  • Recognize and evaluate claim exposures in a timely manner to establish accurate case reserves.
  • Execute effective claim adjudication strategies and tactics to help achieve optimal outcomes on exposures within and above account retentions.
  • Cultivate strong business relationships with key personnel within current accounts, the brokerage community, and law firms across the country.
  • Maintain effective working relationships with Underwriting, Risk Management, and Actuarial partners.
  • Aid in developing and modifying claim management practices, policies, and procedures to support continuous process improvement.
  • Assist Underwriting and Actuarial with risk selection and pricing accuracy through claim due diligence for new and renewal business.
  • Use customer service skills with client contacts to advance business opportunities.
  • Identify service needs related to claims, risk management, and data-mining strategy.
  • Understand renewal strategy.
  • Extend discussions with clients beyond the claim transaction to identify potential needs not immediately recognized by the decision maker.
  • Communicate effectively with team members.
  • Develop or assist with developing claims marketing content and its use for marketing purposes.
  • Mentor claims associates and claims specialists and provide technical advice.
  • Work with other departments on special projects or assignments.
  • Perform other functions as assigned.

Desired Qualifications

  • Experience servicing professional liability and high-exposure bodily injury lawsuits.

About the Company

W.R. Berkley

Commercial insurance underwriting, reinsurance, and investments

W. R. Berkley Corporation underwrites commercial property and casualty insurance and provides reinsurance globally. It operates two segments: Insurance, with 53 units worldwide and lines such as excess and surplus, commercial auto, and workers’ compensation; and Reinsurance & Monoline Excess, offering reinsurance and excess coverage to other insurers and self-insured entities. It earns money from premiums and from its investment portfolio. The company differentiates itself with a broad multinational underwriting platform and a dual focus on underwriting profitability and investment management, serving clients from small businesses to large corporations across many industries. Its goal is to deliver risk transfer and financial protection to customers while generating steady underwriting results and investment returns for shareholders.

Company size
Not listed
Company stage
IPO
Headquarters
Greenwich, CT
Founded
1967

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