What are the responsibilities and job description for the Claims Specialist I - Construction Defect position at United Fire & Casualty Company?
UFG is currently hiring for a Claims Specialist I - Major Case who will be responsible for proper investigation, evaluation, and resolution of moderate exposure cases and complex coverage claims in construction defect type losses. This includes reviewing the appropriate policy(ies)along with the endorsements to analyze coverage and communicate our coverage position. The Construction Defect Specialist will need to determine loss facts, extent of damages and setting proper reserves through interviews and document review including expert reports, homeowner matrices, scope of work matrices, defect lists, time on risk matrices and all other relevant documents for the purpose of evaluating, negotiating and settling claims. The claims handled by this position include litigated and non-litigated files. A large component of the job may include proper reporting to corporate personnel and reinsurance programs.
Responsibilities :
- Complete initial and subsequent case reviews, review of the allegations, and policy language in order to determine if there is coverage. Keep apprised of changes in legal climate, case law and court procedures in the subject jurisdictions.
- Identify coverage issues, and send corresponding appropriate ROR, declination or other coverage-related written communications to the insured(s) and agency.
- Recognize and pursue risk transfer opportunities and exposures as appropriate, i.e. contractual defense / indemnity and additional insured defense / indemnity. Understand and be able to determine priority of coverage and allocation issues including consecutive, primary vs. excess and concurrent coverage.
- Actively pursue co-carrier contribution and subcontractor participation, including by issuing tenders and pursuing cost sharing arrangements. Pursue subrogation if appropriate.
- Investigate and evaluate liability by considering, identifying and applying available defenses i.e. statutes of limitation and repose, comparative negligence, comparative / pure comparative fault laws, allocation, contribution, immunity laws, anti-indemnification statutes, collateral source laws, and other legal doctrines, as appropriate.
- Complete exposure evaluation to include an allocation of the insured's respective share of liability for the incident, and the evaluation of damages attributable to it, as well as the extent of covered damages.
- Complete timely reserve evaluation in accordance with UFG's Gold Standard of claims.
- Complete settlement / negotiation plan, giving objective and well-considered weight to the strengths or weaknesses of case, anticipated rebuttal and counter-arguments, venue climate, verdict potential, and / or projected future costs.
- Notify insured of key developments and demands throughout the case, and communicate with agency and UW departments regarding substantial high-dollar shift in financial exposure.
- Actively drive case resolution momentum and progression and provide a "road map" and explanation for case decisions. Ensure that outcome-based plan and strategy are included in file handling.
- On litigated files, collaborate with defense counsel on a fluid and dynamic basis to explore and identify efficient, cost effective resolution alternative and strategies.
- Direct negotiation, settlement conference, and / or mediation efforts. Assertively create and pursue early settlement opportunities.
- Direct retention of experts and other high-dollar vendors, consistent with documented strategy / objectives.
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Disclaimer
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional tasks and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.