Litigation Specialist

First Chicago Insurance Company; Belleville (IL); On-site; USD 75,000 - 100,000; Full time

Benefits offered by this job

Competitive Salaries

Training & Development

Medical and Dental

401k with match

Paid Time Off and Holidays

Tuition Reimbursement

Wellness Program

Company events

Job summary

First Chicago Insurance Company seeks an experienced Litigation Specialist to manage litigated and complex auto liability claims. You will investigate, determine coverage, reserve appropriately, and coordinate with defense counsel and experts.

The role requires a college degree or 5 years of claims adjusting experience, knowledge of legal and medical terminology, and strong negotiation and communication skills; licensing examinations may be required by state statute.

Qualifications

• College Degree and / or 5 years of applicable claims adjusting experience.
• Knowledge of legal and medical terminology.
• Excellent negotiation, communication, organizational and interpersonal skills.
• Ability to pass written examinations where required by state statutes to become a licensed claim adjuster.

Responsibilities

• Handle litigation claims in accordance with established office procedures.
• Determine coverage and draft any applicable reservations of rights letters.
• Conduct prompt investigations by securing statements from involved parties/witnesses and obtaining documents (police reports, medical, photos, appraisals).
• Litigation management including strategizing with defense counsel and experts on defense cases.
• Maintain an appropriate diary on all open files.
• Conduct business with vendors to manage expenses and uphold service quality.
• Research and interpret case law, statutes, and coverage forms to adjust and conclude claims.
• Evaluate and determine potential use of experts and/or field investigators.
• Maintain claim files and document activity per regulations and company policies.
• Prepare and present claim evaluations to secure appropriate settlement authority.
• Establish and maintain indemnity and expense reserves.
• Conduct onsite reviews of defense counsel as required by management.
• Adhere to Department of Insurance rules specific to the loss state.

Skills

Negotiation

Communication

Interpersonal skills

Legal terminology

Medical terminology

Education

College degree or 5 years claims adjusting experience

Job description

At First Chicago Insurance Company, our employees are our biggest asset! It is our mission to attract and retain intelligent, motivated, ethical employees who strive for excellence and growth, and to keep those employees happy and engaged. We provide the tools and the support our employees need to grow both professionally and personally. We encourage self-improvement and celebrate success by rewarding ideas and results. We realize the strength of teamwork and its ability to join individuals together and push and pull each other, with a synergy that can only be found in groups of good people sharing ideas.

Join in on the excitement and become part of our thriving organization!

We are seeking an experienced Litigation Specialist!

The Litigation Specialist will be responsible for handling litigated and/or complex injury claims stemming from Personal Auto and Commercial Auto Liability policies.

Duties & Responsibilities

• Handle litigation claims in accordance with established office procedures.
• Determine coverage and draft any applicable reservations of rights letters.
• Conduct prompt investigations by securing statements from the involved parties/witnesses and obtaining all necessary documents, including but not limited to, police reports, medical specials, photographs, and/or appraisals.
• Litigation Management including strategizing with defense counsel and experts on defense cases, as well as declaratory judgment actions.
• Maintain an appropriate diary on all open files.
• Conduct business with vendors in a manner which maintains a reasonable expense factor and upholds the company's reputation for quality service.
• Ability to research and interpret case law, statute, and coverage forms in order to properly adjust and conclude claims.
• Evaluates and determine potential use of experts and/or field investigators.
• Maintain claim files and document all claim activity in accordance with applicable regulations and company policies.
• Prepare and present claim evaluations to secure appropriate settlement authority.
• Establish and maintain proper indemnity and expense reserves.
• Conduct onsite review of defense counsel as required by management.
• Adhere to the rules and regulations of the Department of Insurance specific to the loss state.
• Additional duties as deemed necessary by direct supervisor / management.

Qualifications

Required:

• College Degree and / or 5 years of applicable claims adjusting experience.
• Knowledge of legal and medical terminology.
• Excellent negotiation, communication, organizational and interpersonal skills.
• Ability to pass written examinations where required by state statutes to become a licensed claim adjuster.

Benefits

First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive:

• Competitive Salaries
• Commitment to your Training & Development
• Medical and Dental
• Telemedicine Benefit
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement Training Programs
• Wellness Program
• Fun company sponsored events
• And so much more!

Visit our company website at firstchicagoinsurance.com

Estimated Compensation Range: $75k/year-$100k/year*

• Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in-office, hybrid or remote.