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Full-Time

Claims Associate Trainee

Updated on 10/11/2024

Core Specialty

Core Specialty

Healthcare
Financial Services
Food & Agriculture

Entry

Mayfield Heights, OH, USA

This is a hybrid position.

Category
Insurance
Finance & Banking
Required Skills
Communications
Requirements
  • strong analytical skills are required to effectively and efficiently analyze information
  • excellent verbal and written communication skills to express complex evaluations and resolve claims through a well-planned negotiation strategy
  • Customer service skills and a willingness to work in a team-oriented environment are essential
  • Applicants must be authorized to work for any employer in the U.S.
Responsibilities
  • Investigation of policy coverage and liability with a detailed analysis of applicable state laws; damage determination for property, commodity, and personal injury claims
  • Responsibilities also include establishing a course of action to conclude claims timely and in compliance with state regulatory requirements
  • Exposures are to be analyzed and proper reserves established
  • Escalation of high exposure claims is to be made to management for direction
  • Task assignments to outside vendors are required along with oversight and management of the vendor
  • Communication to policyholders, agents, and underwriting on key claim issues is required
  • Conduct open claim reviews and work cohesively with other departments to deliver superior customer service and claim service to policyholders
  • Travel may be required to attend training activities

Company Stage

M&A

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The upgrade in credit ratings by AM Best reflects Core Specialty's strong financial health and stability.
  • Investment in Gramercy Risk indicates a commitment to expanding their portfolio and diversifying risk.
  • The partnership with AllDigital Specialty enables Core Specialty to offer efficient and competitive digital solutions, potentially increasing market share.

What critics are saying

  • The integration of acquired companies like Lancer Insurance could pose operational challenges and cultural mismatches.
  • Focusing on niche markets may limit growth opportunities compared to more diversified insurers.

What makes Core Specialty unique

  • Core Specialty's strategic partnerships, such as with AllDigital Specialty, leverage low-touch/no-touch technology to streamline operations, setting them apart in the insurance market.
  • The company's focus on niche markets like small to medium-sized private and nonprofit organizations allows it to cater to specific needs that larger insurers might overlook.
  • Recent mergers and acquisitions, including the merger with Lancer Insurance Company, enhance Core Specialty's market presence and operational capabilities.