Brown & Brown Insurance · 4 hours ago
Claims Adjuster - Financial Institutions
United States
Full-time
Remote
Mid Level
$80K/yr - $120K/yr
3+ years exp
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Responsibilities
Exercise judgment in applying legal liability to assigned claims and will have full settlement authority up to their specific authority, which may vary from carrier to carrier.
Assign defense counsel to answer and defend lawsuits when appropriate. Monitor and direct defense counsel, independent adjusters and experts.
Secure supporting documentation for assigned claims E&O, e.g.: insured’s file materials and notes, underwriting guidelines, carrier’s investigation package, phone logs, etc. Investigate facts of underlying loss by securing statements and supporting documentation such as copy of policy, police reports, estimates of repair, new account profile, risk tolerance questionnaire, etc.
Identify claims with potential exposure in excess of authority and advise Claims Supervisor/Team Lead and the underwriting company contact.
Responsibilities include the overall control of a particular program. In addition, the Claims Adjuster–Financial Institutions may also be asked to coordinate reports, statistics, results, etc. on the account.
The Claims Adjuster–Financial Institutions may be asked to participate in general discussions on the account with the underwriting company or sponsoring company. She/he is the chief liaison with Professional Groups at CalSurance and would be responsible for marketing calls, information, and coordination.
Research applicable coverage for our insureds. Document coverage dates, limits and restrictions.
Identify and resolve any potential coverage questions. Draft reservation of rights and coverage denials for review and approval by Coverage Senior Director.
Handle claims within guidelines of the Fair Claims Practices 790.03.
Provide insureds, claimants and sponsoring companies with regular updates on status of file handling.
Discuss unique and complex files or issues with Claims Supervisor/Team Lead.
This position may require routine or periodic travel which may require the teammate to drive their own vehicle or a rental vehicle. Teammates who drive for the Company are subject to a Motor Vehicle Record report at the time of hire and periodically thereafter, acceptable MVR results and maintenance of minimum acceptable auto insurance coverages are a requirement.
Qualification
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Required
3-5 years litigation and claims management experience.
Excellent communication skills.
Must be licensed as a Qualified Claims Manager within 90-days of hire and in other states as needed.
Must a critical thinker, detail oriented, have good organizational skills, and be self-motivated.
Must be able to handle multiple and changing priorities.
Proficient computer skills including Microsoft Office Outlook, Word, Excel, TEAMS.
B.A or B.S required; J.D. helpful.
Preferred
Experience as a securities attorney.
5 years handling securities claims.
3+ years engaged in the selling and servicing of various financial products such as annuities, life insurance, securities etc.
3+ years in a compliance role handling financial institutions customer complaints.
Benefits
401k plan
Employee stock purchase plan
Medical, dental, vision and other voluntary products
Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
Paid Time Off
Holidays
Preferred Partner Discounts and more
Company
Brown & Brown Insurance
Brown & Brown Insurance delivers risk management solutions to help protect and preserve what our customers value most.
10,001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1981-01-30IPO· nyse:BRO
Leadership Team
J. Powell Brown
President & Chief Executive Officer
Andrew Watts
Executive Vice President & Chief Financial Officer
Recent News
2024-11-15
GlobeNewswire News Room
2024-11-11
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