What are the responsibilities and job description for the Litigation Specialist position at First Chicago Insurance Company?
We are seeking an experienced Litigation Claims Specialist!
The Litigation Specialist will be responsible for handling litigated and / or complex injury claims stemming from Personal Auto and Commercial Auto Liability policies.
DUTIES & RESPONSIBILITIES :
- Handle litigation claims in accordance with established office procedures
- Determine coverage and draft any applicable reservations of rights letters
- Conduct prompt investigations by securing statements from the involved parties / witnesses and obtaining all necessary documents, including but not limited to, police reports, medical specials, photographs, and / or appraisals
- Litigation Management including strategizing with defense counsel and experts on defense cases, as well as declaratory judgment actions
- Maintain an appropriate diary on all open files
- Conduct business with vendors in a manner which maintains a reasonable expense factor and upholds the company's reputation for quality service
- Ability to research and interpret case law, statute, and coverage forms in order to properly adjust and conclude claims
- Evaluates and determine potential use of experts and / or field investigators
- Maintain claim files and document all claim activity in accordance with applicable regulations and company policies.
- Prepare and present claim evaluations to secure appropriate settlement authority
- Establish and maintain proper indemnity and expense reserves
- Conduct onsite review of defense counsel as required by management
- Adhere to the rules and regulations of the Department of Insurance specific to the loss state
- Additional duties as deemed necessary by direct supervisor / management
QUALIFICATIONS REQUIRED :
First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive :
