Litigation Specialist

First Chicago Insurance Company; Chicago (IL); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Training & Development

Medical, Dental and Vision

Life Insurance

401k with company match

Paid Time Off and Holidays

Tuition Reimbursement

Wellness Program

Company events

Job summary

First Chicago Insurance Company is seeking an experienced Litigation Claims Specialist to handle litigated and complex auto claims, including personal and commercial auto policies, with opportunities for growth. You will conduct investigations, draft reservations of rights, manage litigation strategy with defense counsel, and maintain reserves while ensuring compliance with insurance regulations.

Join a growing company that emphasizes training and development and rewards performance with a

Qualifications

• 7-10 years of auto claims handling experience.
• JD a plus but not required.
• Knowledge of legal and medical terminology.
• Excellent negotiation, communication, organizational and interpersonal skills.
• Ability to pass written examinations to become a licensed claim adjuster.

Responsibilities

• Handle litigation claims following established procedures.
• Determine coverage and draft reservations of rights letters.
• Conduct prompt investigations with statements, police reports, medicals, photos, appraisals.
• Manage litigation with defense counsel and experts; handle declaratory actions.
• Maintain diaries on open files and ensure regulatory compliance.
• Work with vendors to control expenses and uphold service quality.
• Research and interpret case law, statutes, and coverage forms for adjustments.
• Evaluate use of experts and field investigators; maintain claims files.

Skills

Auto claims handling

Negotiation

Investigation

Communication

Evidence review

Education

JD (preferred)

Job description

Are you an experienced Litigation Specialist with experience in Auto Claims looking to join a growing company where you will be rewarded for your hard work, and have future upward career growth opportunities?

• First Year Hiring Bonus for direct applicants
• Growth opportunities!

We are seeking an experienced Litigation Claims 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:

• 7-10 years of applicable auto claims handling experience
• JD a plus but not required.
• 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

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

• Commitment to your Training & Development
• Medical and Dental and Vision
• Life Insurance
• Flexible Spending Account
• 401k with a generous company match
• Paid Time Off and Paid Holidays
• Tuition Reimbursement
• Wellness Program
• Fun company sponsored events
• And so much more!

*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.