Design Professional Claims Counsel

Travelers; Downers Grove, Chicago (IL, IL); On-site; USD 112,000 - 184,000; Full time

Benefits offered by this job

Health Insurance

401(k) matching

Paid Time Off

Job summary

Travelers is seeking a Design Professional Claim Counsel to join the Bond & Specialty Insurance (BSI) team. You will analyze and resolve design-professional liability claims, provide legal advice to underwriting colleagues, and contribute to strategic initiatives.

The role requires a law degree, active license, and several years of relevant experience. As part of the BSI design professional line, you will collaborate with underwriters and claim teams, manage outside counsel, and participate in

Qualifications

• Five or more years of relevant legal or claim handling work experience.
• Demonstrated ability to effectively work through conflict and resolve issues with a professional demeanor.
• Strong verbal and written communication skills with the ability to clearly articulate coverage determinations.
• Ability to travel occasionally.

Responsibilities

• Follow operational policies to analyze, investigate, and resolve BSI claims of varying levels of severity with moderate supervision from claims management.
• Prepare and present reports for management that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies.
• Retain, monitor, and manage outside counsel actively utilizing litigation management plans and budgets.
• Communicate with underwriting on significant claim exposures.
• Continue to develop the ability to identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and Claim management.
• Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials and depositions.
• Refine policy interpretation/coverage analysis skills including drafting coverage opinions with case law included.
• Strengthen the ability to negotiate settlements/resolutions, review releases and settlement agreements, including confidentiality and non-disclosure provisions.
• Support underwriting marketing efforts, including participation in broker and account visits and risk mitigation seminars and authoring customer-focused white papers and articles.
• Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting Travelers’ underwriting and claim decisions.
• Obtain and maintain required adjusters’ licenses.
• Perform other duties as assigned.

Skills

Legal experience

Negotiation

Communication skills

Education

Bachelor’s Degree

Juris Doctorate Degree

Job description

Travelers is seeking a Design Professional Claim Counsel to join the Bond & Specialty Insurance (BSI) team. You will analyze and resolve design-professional liability claims, provide legal advice to underwriting colleagues, and contribute to strategic initiatives.

The role requires a law degree, active license, and several years of relevant experience. As part of the BSI design professional line, you will collaborate with underwriters and claim teams, manage outside counsel, and participate in