Full-Time
Claims Specialist II
Excess BI and Property Damage
Confirmed live in the last 24 hours
Markel
1,001-5,000 employees
Specialty insurance and reinsurance provider
Compensation Overview
$61.9k - $76.2kAnnually
Junior, Mid
No H1B Sponsorship
Houston, TX, USA + 10 more
More locations: Summit, NJ, USA | Tampa, FL, USA | Shrewsbury, NJ, USA | Canoga Park, Los Angeles, CA, USA | Plano, TX, USA | Richmond, VA, USA | Norridge, IL, USA | Alpharetta, GA, USA | Henderson, NV, USA | Scottsdale, AZ, USA
Hybrid working schedule of 3 days in the office and 2 days remote.
- Bachelor’s degree or equivalent work experience
- Must have or be eligible to receive claims adjuster license
- Successful completion of basic insurance courses or achievement of industry designation (INS, IEA, AIC, ARM, SCLA, CPCU)
- Minimum of 2-3 years experience in commercial construction or equivalent combination of education and experience
- Knowledge of insurance industry or claims handling preferred.
- US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
- Responsible for the investigation and resolution of lower to medium complexity and lower to medium exposure claims.
- Manage a full claim workload with minimal assistance and be responsible for making sound decisions within delegated authority.
- Adheres to Fair Claims Practices regulations as applicable in various states.
- Analyzes coverage and communicates coverage positions.
- Conducts, coordinates, and directs investigation into loss facts and extent of damages.
- Confirms coverage of claims by reviewing policies and documents submitted in support of claims.
- Drafts coverage position letters.
- Evaluates information on coverage, liability, and damages to determine the extent of insured's exposure.
- Handles claims in all jurisdictions.
- Handles litigated and non-litigated property damage claims with values up to $250,000.
- Handles non-litigated bodily injury claims with values up to $250,000 in all jurisdictions.
- Handles smaller product liability and/or construction defect claims.
- Identify losses which should be reported to SIU.
- Participates in special projects or assists other team members as requested.
- Provides excellent and professional customer service to insureds while maintaining a high level of production.
- Represents Markel in mediations, as required.
- Sets reserves within authority or makes recommendations concerning reserve changes to manager.
Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their insurance offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance for weddings and concerts, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles like yachts and motorcycles. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and a commitment to understanding customer needs, which allows them to deliver quality service and innovative solutions. The company's goal is to lead in their industry by continuously improving their offerings and fostering an environment where employees can thrive and contribute to the company's success.
Company Stage
IPO
Total Funding
N/A
Headquarters
Glen Allen, Virginia
Founded
N/A
Simplify's Take
What believers are saying
- Recent investments from firms like Lighthouse Investment Partners and Swedbank AB indicate strong market confidence in Markel's growth potential.
- Expansion into new office space in Plano, Texas, reflects Markel's ongoing growth and commitment to increasing its operational capacity.
- Key hires and promotions, such as the appointment of a new Chief Strategy Officer, signal a robust leadership team focused on strategic growth.
What critics are saying
- The specialized nature of Markel's insurance offerings may limit its market size compared to more diversified insurers.
- Expansion efforts, such as those in Asia Pacific, require careful management to avoid overextension and ensure sustainable growth.
What makes Markel unique
- Markel's focus on niche markets like agricultural risks, event cancellation, and inland marine coverage sets it apart from traditional insurers.
- The company's commitment to innovation and flexibility allows it to adapt quickly to market changes, unlike more rigid competitors.
- Markel's global presence and strategic hires in Asia Pacific enhance its ability to serve diverse markets with specialized insurance solutions.
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