4 Public D&O Claims Adjuster Jobs in Chicago, IL
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Public D&O Claims Adjuster
$69k-86k (estimate)
Full Time | Business Services
7 Days Ago
The Jonus Group, LLC is Hiring a Public D&O Claims Adjuster Near Chicago, IL
Job DescriptionWe are seeking an experienced and detail-oriented Public Directors & Officers (D&O) Claims Adjuster to join our dynamic team. The ideal candidate will be responsible for handling complex D&O insurance claims, ensuring thorough investigation, evaluation, and resolution in accordance with policy terms and conditions. This role requires a strong understanding of D&O policies, excellent analytical skills, and the ability to manage multiple cases effectively.
Salary/Benefits
Salary/Benefits
- $115K-120K /Yearly (based on experience)
- Annual Bonus
- Manages an inventory of highly complex commercial claims, with large exposures that require a high degree of specialized technical expertise and coordination, by following company protocols to verify policy coverage, conduct investigations, develop and employ resolution strategies, and authorize disbursements within authority limits.
- Ensures exceptional customer service by managing all aspects of the claim, interacting professionally and effectively, achieving quality and cycle time standards, providing timely updates and responding promptly to inquiries and requests for information.
- Verifies coverage and establishes timely and adequate reserves by reviewing and interpreting policy language and partnering with coverage counsel on more complex matters, estimating potential claim valuation, and following company's claim handling protocols.
- Leads focused investigation to determine compensability, liability and covered damages by gathering pertinent information, such as contracts or other documents, taking recorded statements from customers, claimants, injured workers, witnesses, and working with experts, or other parties, as necessary to verify the facts of the claim.
- Resolves claims by collaborating with internal and external business partners to develop, own and execute a claim resolution strategy, that includes management of timely and adequate reserves, collaborating with coverage experts, negotiating complex settlements, partnering with counsel to manage complex litigation and authorizing payments within scope of authority.
- Bachelor's Degree or equivalent experience
- Typically, a minimum six years of relevant experience, preferably in claim handling
- Must have or be able to obtain and maintain an Insurance Adjuster License within 90 days of hire, where applicable
- Prior negotiation experience
- Professional designations preferred (e.g. CPCU)
Job Summary
JOB TYPE
Full Time
INDUSTRY
Business Services
SALARY
$69k-86k (estimate)
POST DATE
06/21/2024
EXPIRATION DATE
06/17/2025
WEBSITE
jonusgroup.com
HEADQUARTERS
Wayne, PA
SIZE
100 - 200
INDUSTRY
Business Services
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