Liberty Mutual Insurance ยท 7 hours ago
Senior Technical Claims Specialist, Commercial Excess Coverage
United States
Full-time
Remote
Senior Level
$105K/yr - $125K/yr
7+ years exp
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Responsibilities
As the claims owner, determines coverage, investigates the claims, determines liability, sets and adjusts reserves, evaluates the claim, negotiates a settlement, authorizes and pays the claim; may deny claims.
Review lawsuit documentation and supporting documents, claims file, investigation, etc. Establish actions to be taken to resolve lawsuit. Includes determining loss coverage, amounts owed, discovery plans, setting reserves and negotiations.
Establish appropriate working team (Home Office Legal, Defense Counsel and Home Office Claims) based on allegations established in suit.
Responsible for managing the practices and billing activities of outside counsel. Accountable for security of financial processing of claims, as well as security information contained in claims files.
Trains and mentors staff as appropriate; manages relationships and acts as liaison with various business partners (e.g., Underwriting, Reinsurance, Etc.).
Keeps abreast of existing and proposed legislation, court decisions and trends and experience pertaining to specialty coverage issues. May analyze the impact upon claims policies and procedures and advises Claims Management so appropriate action can be taken where required.
Leads and participates in special projects and performs other duties as assigned.
Qualification
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Required
Experience with Commercial Excess and Umbrella claims averaging $1-3 million or more required.
Excess claims experience with premises liability, employer's liability, environmental, auto, products liability, mass torts and other Commercial Casualty Claims experience.
Advanced to expert knowledge of commercial casualty claims investigation, coverage, reserving, expense management, resolution strategy, negotiation, litigation management, claims evaluation as well as the insurance legal and regulatory environment.
Advanced to expert level of skill in the area of customer focus, gaining support, teamwork, and adaptability.
Expert ability to identify and solve problems, achieve results and execute thoroughly.
Demonstrated ability to work independently, mentor other employees, and serves as a subject matter expert as normally acquired through 7 or more years of experience.
Ability to adapt to work in multiple claim systems.
Benefits
Annual FTO Days Accrual: 2 days per month, up to 20 days per year
Company
Liberty Mutual Insurance
Liberty Mutual Insurance provides a broad range of insurance products and services.
10,001+ employees
H1B Sponsorship
Liberty Mutual Insurance has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (88)
2022 (141)
2021 (113)
2020 (88)
Funding
Current Stage
Late StageLeadership Team
David Long
CEO
Julie Haase
Executive Vice President and Chief Financial Officer
Recent News
2024-11-07
Coverager - Insurance news and insights
2024-03-13
Business Insider
2023-04-04
Company data provided by crunchbase
