Litigation Specialist

First Chicago Insurance Company (FCIC) • Peoria, IL

15d • $75,000 - $100,000

About The Position

First Chicago Insurance Company is seeking an experienced Litigation Specialist to handle litigated and/or complex injury claims under Personal Auto and Commercial Auto Liability policies. The role involves investigating, evaluating, managing, and resolving claims in accordance with company procedures, applicable regulations, and state Department of Insurance requirements. The specialist works with defense counsel, experts, vendors, and other parties to manage litigation and achieve appropriate claim outcomes.

Requirements

• A college degree and/or five years of applicable claims adjusting experience.
• Knowledge of legal and medical terminology.
• Excellent negotiation, communication, organizational, and interpersonal skills.
• Ability to pass written examinations where required by state statutes to become a licensed claim adjuster.

Responsibilities

• Handle litigation claims in accordance with established office procedures.
• Determine coverage and draft applicable reservations of rights letters.
• Promptly investigate claims by obtaining statements from involved parties and witnesses and securing relevant documents, such as police reports, medical specials, photographs, and appraisals.
• Manage litigation, including strategizing with defense counsel and experts on defense cases and declaratory judgment actions.
• Maintain an appropriate diary on all open files.
• Conduct business with vendors in a way that controls expenses and upholds the company's reputation for quality service.
• Research and interpret case law, statutes, and coverage forms to adjust and conclude claims appropriately.
• Evaluate and determine the potential use of experts and/or field investigators.
• Maintain claim files and document claim activity in accordance with applicable regulations and company policies.
• Prepare and present claim evaluations to secure appropriate settlement authority.
• Establish and maintain appropriate indemnity and expense reserves.
• Conduct onsite reviews of defense counsel as required by management.
• Adhere to Department of Insurance rules and regulations applicable to the loss state.
• Perform additional duties as deemed necessary by the direct supervisor or management.

Benefits

• Competitive salaries
• Training and development
• Medical and dental benefits
• Telemedicine benefit
• 401(k) with company match
• Paid time off and paid holidays
• Tuition reimbursement training programs
• Wellness program
• Company-sponsored events

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level