Sr. Litigation Analyst

Core Specialty Insurance Services, Inc.; Dallas (TX); Hybrid; USD 90,000 - 120,000; 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

Wellness program

Job summary

Core Specialty Insurance Services, Inc. is seeking an experienced claims professional to manage Commercial Garage and General Liability claims from receipt through resolution or trial. The role requires an adjusting license, 5+ years of relevant experience, and the ability to travel as needed.

You will analyze coverage, coordinate with defense and coverage counsel, and communicate with underwriting and management on risk, reserves, and settlement strategies. A hybrid work setup is offered.

Qualifications

• Insurance adjusters license required.
• College degree or equivalent work experience required.
• Minimum five+ years’ experience handling Commercial Garage and/or General Liability claims.
• Ability to travel.
• Ability to negotiate and be persuasive.
• Effective oral and written communication skills.
• Strong time-management skills; some tasks time sensitive.
• Authorized to work for any employer in the U.S.; no sponsorship now or in the future.

Responsibilities

• Provide early contact with insured to identify witnesses, employees, contracts, and documents; obtain knowledge of alleged claims.
• Analyse coverage for application to claim and prepare coverage position letters.
• Confer with coverage counsel to clarify coverage position and litigation.
• Communicate with underwriting for risk potential and policy language.
• Maintain diaries for file tasks, settlements, mediations, and trial.
• Oversee defense counsel from initial assignment through litigation to ensure timely reporting and strategy.
• Collaborate with defense counsel to develop early litigation or settlement strategy.
• Prepare internal reports for file documentation and reserve increases for management review.
• Prepare settlement drafts and review releases for accuracy.
• This role may require occasional travel.

Skills

Negotiation

Oral communication

Written communication

Time management

Travel ready

Work authorization (US)

Education

College degree or equivalent

Tools

MS Office

Excel

Job description

- This position will be responsible for the direct handling of Commercial Garage and General Liability claims 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.
• Analyse 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.
• 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

• Adjusting license required; additional licenses to be obtained where required by a state to adjust claims within that state.
• Possess a comprehensive understanding and knowledge of state and federal laws (including legislation) applicable to Commercial Garage and General Liability claims.
• Possesses an in-depth understanding of the policy language/coverage applicable to Commercial Garage and General Liability claims
• Knowledge of third-party liability claims handling and risk transfer analysis / coverage analysis required.
• Computer skills – good working knowledge of MS Office, Excel

Experience & Requirements

• Insurance adjusters license required.
• College degree or equivalent work experience required.
• Minimum five plus years’ experience handling Commercial Garage and/or General Liability claims.
• Ability to travel.
• Ability to negotiate and be persuasive.
• Possess effective oral and written communication skills.
• Strong time-management skills, as some tasks will be time sensitive.
• 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. This includes assistance, or support for an immigration-related employment benefit such as H-1B, O-1, E-3, TN status, CPT, OPT, or STEM OPT.

#LI-Hybrid - At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement.

Benefits

• 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

Core Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses. From underwriting offices spanning the U.S., the Company focuses on niche markets, local distribution, and superior underwriting knowledge, offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers.

For further information about Core Specialty, please visit www.corespecialtyinsurance.com.

In compliance with the Transparency in Coverage rule, issued in 2020 by US Departments of Health, Human Services, Labor and Treasury our health plan’s machine-readable files (MRFs) can be accessed via www.Cigna.com.