AIPSO ยท 1 month ago
Claims Litigation Specialist
Johnston, RI
Full-time
Hybrid
Senior Level
$90K/yr - $143K/yr
7+ years expAIPSO is a management organization and service provider for various insurance industry groups responsible for administering the residual market. The Claims Litigation Specialist will oversee claims management involving litigation, ensuring compliance with guidelines, and managing case assignments while aiming for cost-effective resolutions.
Financial ServicesInsuranceProject Management
Responsibilities
Oversight of the Third-Party Administrator (TPA) in the management of claims involving coverage matters and cases that are in litigation
Manage a spreadsheet diary and SharePoint site to manage caseload and to retain notes and correspondence
Utilize TPA data to ensure legal matters and potential litigation cases are promptly identified and coordinated with management and AIPSO Legal staff
Prepare and present large losses reports to internal and external claim partners to discuss all cases over $500K
Responsible for the assignment of cases to defense and coverage counsel and managing cases towards best, cost-effective resolution
Manage to ensure that both the TPA and Defense counsel are adhering to the established Litigation Guidelines
Manage to ensure that Best Practices and Claims Handling, and State specific regulatory guidelines are being met
Participates in roundtable and case planning discussions with both AIPSO claim staff, the TPA and Defense Counsel
Utilize data to target review of open cases in litigation to identify settlement opportunities
Approve reserve and settlement requests within delegated authority
Track and control legal expenses to assure best, cost effective resolution
Manage all litigated claims to resolution
Qualification
Required
Bachelor's degree (BA/BS) from four-year college or university
7 or more years of commercial auto and private passenger claims and litigation experience
Experience providing coverage analysis and demonstrated property casualty claim technical expertise
Experience with handling of Commercial Claims involving trucking and leases
Possess strong liability and damages analysis and thorough understanding of the litigation process, relevant case and statutory law and expert litigation management skills
Demonstrate strong verbal and written communication skills, including ability to effectively present information and respond to questions from groups or individuals
Ability to manage multiple priorities and adapt to changes, including ability to manage multiple lines of business
Demonstrate excellent organizational skills
Effective problem-solving skills, including ability to analyze complex issues, find the root cause of the problem, and consider a wide range of alternatives before acting
Ability to work independently and interact professionally and effectively in a team environment
Provide leadership by example through feedback and input in group meetings and discussions
Proficient in the use of Microsoft Office productivity tools (e.g. Outlook, Word, Excel) and policy management systems to manage work
Knowledge of the Insurance industry claims and the insurance legal and regulatory environment
Preferred
Supplementary insurance education preferred
Previous experience with residual market automobile insurance plan rules and regulations preferred
Strong commercial auto coverage and data comprehension skills preferred
Company
AIPSO
AIPSO is a non-profit management organization that provides services to the insurance industry in administering the residual market.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Frank Pensabene
Senior Vice President & COO
Recent News
2022-05-28
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