Apply on Employer Site

Core Specialty Insurance Holdings, Inc. · 10 hours ago

Senior Litigation Analyst

Chicago, IL

Full-time

Hybrid

Senior Level

$130K/yr - $190K/yr

5+ years exp

Core Specialty Insurance Holdings, Inc. is a company specializing in insurance solutions, and they are seeking a Senior Litigation Analyst to manage and resolve claims related to management liability and financial institutions. The role involves analyzing coverage, overseeing defense counsel, maintaining claim files, and preparing internal reports while collaborating with various stakeholders.

InsuranceMarine Transportation

No H1B

Responsibilities

Manage a diverse portfolio of claims and interpret the relevant policies in an effective and efficient manner

Analyze 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

Regular review and updating of claim files that remain open but currently inactive and are not generating claim activity. Evaluate inactive claims for closure and removal of reserves

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 (1-5 trips annually)

Licenses to be obtained where required by a state to adjust claims within that state

Manage a diverse portfolio of management liability and financial institutions claims with varying levels of complexity

Collaborate internally to resolve difficult claims and drive resolution opportunities with internal and external stakeholders

Demonstrate a thorough understanding of coverage under management liability and financial institutions policies

Qualification

Claims managementLiability insurance knowledgeLegal analysisBachelor’s degreeLaw degreeCommunication skillsNegotiation skillsCollaboration skillsProblem-solving skills

Required

Handles the investigation, evaluation and resolution of claims under the following types of liability insurance policies: public company directors and officers, private company directors and officers, and financial institutions

Manage a diverse portfolio of claims and interpret the relevant policies in an effective and efficient manner

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

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

Regular review and updating of claim files that remain open but currently inactive and are not generating claim activity

Evaluate inactive claims for closure and removal of reserves