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Core Specialty Insurance Holdings, Inc. · 1 day ago

Sr. Litigation Claims Analyst

United States

Full-time

Remote

Senior Level

5+ years exp

Core Specialty Insurance Holdings, Inc. is seeking a Senior Litigation Claims Analyst to manage claims against security companies and related entities. The role involves analyzing coverage, maintaining claim files, and overseeing defense counsel throughout litigation to ensure effective resolution of claims.

InsuranceMarine Transportation

No H1B

Responsibilities

Provide early contact with insured to identify witnesses, employees, contracts, other relevant documents and to obtain insured’s knowledge of the allegations in the claim/suit

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

Qualification

Claims managementCoverage analysisRisk transfer analysisLitigation strategyBachelor's degreeLaw degreeClaims experienceThird-party liability claimsFirst party commercial auto claimsCommunication skills

Required

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

Knowledge of third-party liability claims handling and risk transfer analysis / coverage analysis required

Bachelor's degree required

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position

Preferred

Knowledge of first party commercial auto claims and security guard claims handling preferred

Minimum 5 plus years of claims experience preferred

Law degree strongly preferred

Benefits

Medical, dental, vision, and life insurances

Short and long-term disability

Company-match of 100% of a 6% contribution 401(k) plan

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Health Reimbursement Account

Wellness program

Company

Core Specialty Insurance Holdings, Inc.

Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses.

Founded in 2020

Jersey City, New Jersey, USA

1001-5000 employees