What are the responsibilities and job description for the Risk Management Professional position at The Andover Companies?
Key Responsibilities
- Evaluate and confirm policy coverage.
- Assign and direct independent adjusters and experts.
- Set and modify coverage reserves and maintain timely diaries of case assignments.
- Control claim negotiations and provide settlement authority to independent adjusters and legal counsel.
- Authorize payment and/or settlement requests.
- Verify all required state regulations and administrative code claim handling requirements are observed.
- Assign defense counsel, manage litigation and legal costs.
- Attend mediations, trials or depositions as required.
- Analyze and respond to consumer and insurance department complaints.
- Collaborate on special Claims or Company projects.
- Assist other Claims Examiners during catastrophes, vacations, leave.
- Develop professionally through continuous insurance and claims education.