What are the responsibilities and job description for the Sr. Claims Representative position at BITCO Insurance Companies?
BITCO Corporation, headquartered in Davenport, IA, is currently seeking a Sr. Claims Representative- Liability to join our regional office located in Des Moines IA . With 11 branch offices in 10 states, BITCO provides quality insurance services to specialized industries including construction, forest products and oil & gas. This position is eligible for a hybrid work schedule with required business travel to BITCO office locations and customer offices.
Position Summary :
This position provides key support in the handling of claims across multiple lines of coverage. This includes assessing claim coverage, commercial property, liability, legal and damage issues, and investigating, evaluating, and effectively resolving all assigned claims in a timely manner according to company and regulatory guidelines. Provides a high level of customer service to internal and external business partners.
Primary Responsibilities :
- Review, analyze, and interpret policy conditions, exclusions and endorsements to resolve coverage and liability issues for assigned claims
- Prepare reservation of rights letters, nonwaiver agreements, and coverage disclaimers to address claim coverage issues
- Review and evaluate claim reserves to ensure that the respective reserve properly reflects the potential exposure
- Investigate claims to evaluate coverage and legal issues, which may include meeting with Insureds and witnesses, and obtaining statements, records, and other evidentiary materials
- Provide proper documentation and reporting of investigation and claims handling activities
- Negotiates, including through mediation, arbitration, or other court-supervised settlement efforts, settles, and resolves claims with claimants, insureds, and their lawyers; provides appropriate claims resolution documents
- Maintain a working knowledge of regulatory and jurisdictional requirements
- Provides direction to and management of defense counsel, independent adjusters and other third parties retained to assist in a particular claim
- Other duties as assigned
Qualifications :
Coverage Review - interpreting policies, agreements and disclaimers
Benefits :
