Apply on Employer Site

Intact Insurance Specialty Solutions · 3 weeks ago

Claims Consultant - Contract Surety (Hybrid or Remote)

New York, NY

Full-time, Contract

Hybrid

Mid, Senior Level

$119K/yr - $157K/yr

7+ years exp

Intact Insurance Specialty Solutions is a leader in the specialty insurance market, dedicated to helping businesses thrive. The Claims Consultant will handle and resolve complex claims in the Contract Surety team, ensuring compliance and fostering trust within construction and infrastructure projects.

FinanceFinancial ServicesInsurance

Growth Opportunities

Responsibilities

Makes timely and appropriate contacts and completes appropriate level of investigation to make determination of coverage, liability and damages for very complex and specialized claims

Determines coverage, drafts coverage correspondence, responds to coverage questions raised by insureds and others

Determines exposure, establishes adequate reserves and makes timely adjustments as required

Selects, assigns and directs activities of internal and external resources as required; including independent adjusters, appraisers and attorneys. Identifies questionable claims and consults with SIU for further direction as appropriate

Determines settlement value of the loss and negotiates proper settlement of claims within authority. Provides recommendations for settlement and disposition of claims exceeding authority level

Documents clearly and concisely all relevant activity on assigned files and makes recommendations for additional activity as appropriate

Communicates as needed with underwriting business partners regarding claims trends and legal climate. Provides expertise and insight as requested relative to needed coverage changes or enhancements

Maintains a strong professional knowledge of regulatory and legal environments and applies this information effectively

Stays abreast of state license requirements and participates in continuing education as required

Will coach or train less experienced claim representatives

Develops and leads technical training and provides guidance to other departments within the organization, as needed