Litigation Analyst

Core Specialty Insurance Holdings, Inc.; Cincinnati (OH); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) match

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Health Reimbursement Account

Wellness program

Job summary

Core Specialty Insurance Holdings, Inc. seeks an experienced claims professional to adjust and manage claims against security companies, private investigators and alarm installation/monitoring firms from receipt through resolution or appeal.

You will identify witnesses and documents, analyze coverage, coordinate with underwriting, oversee defense counsel, maintain files and reserves, prepare internal reports, and manage settlements, with occasional travel to mediations.

Qualifications

• Bachelor’s degree is required.
• 3+ years claims experience preferred.
• Law degree is a plus.

Responsibilities

• Identify witnesses, employees, documents and insured knowledge of allegations.
• Analyze coverage and prepare coverage position letters; confer with coverage counsel.
• Coordinate with underwriting on risk potential and policy language intent.
• Maintain diaries for file tasks, settlements, mediations and trial.
• Oversee defense counsel from assignment through litigation and settlement planning.
• Maintain claim files, reserves and disposition plans per guidelines and regulations.
• Prepare internal reports for reserves and development to management.
• Communicate significant developments and reserve changes to carriers and management.
• Review and approve litigation budgets submitted by defense counsel.
• Review inactive open claims for closure and reserve adjustments.
• Attend mediations and settlement conferences as required.
• Monitor and approve/reject litigation expenses.
• Prepare settlement drafts and review releases for accuracy.
• Travel occasionally for matters not solvable via video conference.

Skills

Claims handling

Third-party liability

Auto claims handling

Litigation support

Experience in similar role

Education

Bachelor's degree

Law degree

Tools

State licenses

Job description

Adjust and manage claims brought against security companies, private investigators and alarm installation and monitoring companies, from receipt of claim or suit through resolution or trial/appeal.

Key Accountabilities/Deliverables:

• Provide early contact with insured to identify witnesses, employees, contracts, other relevant documents and to obtain insured’s knowledge of the allegations in the claim/suit.
• Analyze coverage for application to claim and prepare coverage position letters including reservation of rights, DISCLAIMERS, tender to other parties and acceptance of tenders to insured where appropriate. Confer with internal and external coverage counsel where necessary to clarify coverage position and coverage litigation.
• Communicate with underwriting as to insured’s risk potential and for clarification of policy language intent.
• Maintain diaries for file tasks, settlement conferences, mediations, and trial.
• Oversee defense counsel from initial assignment of defense and throughout litigation to ensure timely reporting, confirmation of defense strategy and analysis of new developments. Collaborate with defense counsel to develop early litigation or settlement strategy. Ensured that Defense Counsel provides timely pretrial reports.
• Maintain claim files, notes and documentation which comply with both internal guidelines and external regulations to include analysis of liability, damages, adequacy of reserves and outline of plan or next steps.
• Prepare internal reports for file documentation and early identification of significant reserve increases for presentation to management and upper management for review.
• Communicate with manager as to critical new developments and significant reserve increase recommendations, and potential settlement recommendations above handler’s settlement authority.
• Timely communication and reporting of critical or new developments to exterior carriers including coverage, litigation developments, reserves, and potential settlement opportunities.
• Review and approve litigation budgets submitted by Defense Counsel.
• Regular review and updating of claim files that remain open but currently inactive and are not generating claim activity. Evaluate inactive claims for closure and removal of reserves.
• Attend mediation and settlement conferences when required to facilitate and negotiate settlement.
• Monitor and approve/reject litigation expenses recommended by Defense Counsel.
• Prepare settlement drafts and review of releases for accuracy.
• This role may require occasional travel for matters that cannot be handled through video conference.

Technical Knowledge and Understanding:

• Licenses to be obtained where required by a state to adjust claims within that state.
• Knowledge of third-party liability claims handling required.
• Knowledge of first party commercial auto claims handling preferred.

Experience:

• Bachelor’s degree required.
• 3 plus years of claims experience preferred.
• Law degree is a plus
• Previous experience in a similar role.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.

#LI-Hybrid

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program