Senior High-Value D&O/E&O Claims Consultant

CNA Insurance; Downers Grove (IL); On-site; USD 72,000 - 141,000; Full time

Benefits offered by this job

Benefits package

Job summary

CNA Insurance in Downers Grove, IL is seeking a Complex Claims Consultant to manage highly complex professional liability claims, primarily D&O and E&O, for public companies and large financial institutions. You will review coverage, assess liability, gather information, and negotiate settlements within authority limits.

The role handles a multi-million dollar caseload and requires a minimum of six years in professional liability claims or related law firm experience; a JD is preferred.

Qualifications

• Bachelor's Degree or equivalent in any field; JD preferred.
• Typically a minimum six years of relevant experience in Professional Liability claim handling or law firm handling Professional Liability matters.
• Must have or be able to obtain and maintain an Insurance Adjuster License within 90 days of hire, where applicable.
• Prior negotiation experience is expected.
• Professional designations preferred (e.g. CPCU).

Responsibilities

• Manages an inventory of highly complex litigated claims with large exposures following company protocols.
• Verifies coverage and establishes reserves by interpreting policy language and consulting with coverage counsel on complex matters.
• Leads focused investigations to determine liability and damages by gathering pertinent information.
• Resolves claims by negotiating complex settlements and coordinating with counsel to manage litigation.
• Attends trials as necessary and communicates with senior management through loss summaries.
• Maintains claim budgets and ensures timely resolution and proper documentation.

Skills

Litigation management

Claim negotiation

Coverage interpretation

Analytical mindset

Communication skills

Microsoft Office

Education

Bachelor's degree or equivalent

Juris Doctorate preferred

Tools

Microsoft Office

Job description

CNA Insurance in Downers Grove, IL is seeking a Complex Claims Consultant to manage highly complex professional liability claims, primarily D&O and E&O, for public companies and large financial institutions. You will review coverage, assess liability, gather information, and negotiate settlements within authority limits.

The role handles a multi-million dollar caseload and requires a minimum of six years in professional liability claims or related law firm experience; a JD is preferred.