Claim Director-Med Risk

Chubb•Chicago, IL

23d

About The Position

This is a role focused on technical claim handling for Chubb insureds nationwide. In this role you will manage complex medical liability claims, both litigated and non-litigated. This role requires an individual to be accountable for the handling and disposition of claims including investigation, coverage determination, reserving, negotiation and settlement or trial strategies. This position will require some travel, as well as coordinating with and servicing both internal and external business partners. You will represent the company at meetings with management and business partners, as well as at mediations, arbitrations, settlement conferences and trials. Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

Responsibilities

Confirm coverage of claims by reviewing policies and documents submitted in support of claims.
Analyze coverage and communicates coverage positions, as warranted, under direction of supervisor and coverage unit.
Conduct, coordinate, and direct investigation into loss facts and extent of third-party damages.
Schedule, arrange and conduct claim assessments and audits with hospital accounts to review compliance with industry practice, identify trends, track underlying aggregates, evaluate potential exposure into Chubb layer of coverage, and report findings to business unit.
Direct and monitor assignments to experts and underlying defense counsel.
Evaluate information on complex coverage, liability, and damages to determine the extent of insured's exposure.
Set reserves within authority or makes claim recommendations concerning reserve changes to supervisor.
Proactively manage a claim inventory and effectively negotiate cases to an acceptable resolution under moderate supervision.
Advanced skills managing complex files; including mass torts and related/batched claims.
Report to reinsurers and facilitates the prompt collection of reinsurance on those matters where they are accountable.
Travel to conferences, mediations, and trials as necessary. Travel ranges from approximately 10% to 25%, but it could be more as dictated by business needs.