Kingstone Insurance Company · 2 days ago
Property Claim Specialist
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Financial ServicesInsurance
Insider Connection @Kingstone Insurance Company
Responsibilities
Adjust reserves and provide recommendations to ensure reserving activities are consistent with corporate policies.
Communicate promptly and professionally with all parties when answering questions and gathering claim information.
Review and make necessary changes and adjustments to estimates.
Contact and/or interview insureds to obtain additional information to evaluate claims in a timely manner.
Enter claim payments, reserves into computer system by inputting concise and accurate file documentation.
ISO claim input and reporting.
Investigate, evaluate, and negotiate settlement while applying technical knowledge and human relations skills to effect fair and prompt resolution of cases which will result in a reduced loss ratio.
Maintain claim files with professional notes, claim summary, detailed analysis, and specific action plan with target dates.
Adhere to company service standards. Provide both internal and external written correspondence in a thorough professional manner.
Pay and process claims in a timely fashion, and within designated authority level.
Verify and analyze data used in settling claims to ensure that claims are valid and that settlements are made according to company practices and procedures.
Make timely, fair, and reasonable claim disposition within the states’ good faith claims handling guidelines and regulations.
Perform other duties as assigned by management and mentor.
Qualification
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Required
3+ years’ experience managing and handling Homeowners and Dwelling Fire claims at an insurance carrier or Third-Party Administrator
Continued insurance education and/or designations
Xactimate knowledge
Construction knowledge
Ability to scope property losses
A thorough technical understanding of insurance coverage and claim procedures
Ability to identify subrogation and salvage opportunities
Ability to work under pressure, especially in the event of a storm or catastrophe (CAT)
A strong team player with initiative and ability to effectively multi-task
Must communicate professionally with excellent verbal and written skills
Responsive customer service orientation
Computer skills with working knowledge of company software programs
Detail-oriented with excellent organizational skills
Good negotiation and settlement skills
Preferred
A college degree
Must secure licenses in NY and all surrounding states where Kingstone policies are written
Benefits
Health benefits
Life and disability insurance
401(k) with company match
Paid parental leave
Paid vacation, paid holidays, and birthday off
Flexible work schedule
Peer recognition program
Company
Kingstone Insurance Company
Kingstone Insurance Company is a New York State-based property and casualty insurer serving NY, NJ, CT, MA, and RI for over 130 years.
Funding
Current Stage
Growth StageRecent News
Coverager - Insurance news and insights
2024-03-26
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