Senior Claims Examiner, Professional Liability

Markel Service • Chicago, IL

106d • $78,000 - $107,250

About The Position

This position will be responsible for the resolution of low to moderate claims which can be subject to disputes that must be resolved in mediation or litigation. The primary purpose of this job is to handle claims from coverage inquiry through legal liability assessment and damages analysis, to timely and accurate resolution; ensuring mitigation of indemnity and expense exposure while communicating developments and outcomes as necessary to all internal and external stakeholders. The position will have responsibility for decision making within their authority and work with minimal oversight.

Requirements

• 5+ years of professional liability claims or litigation experience required.
• Litigation experience is a plus.
• College degree and/or professional designation required, JD required.
• Excellent written and oral communication skills.
• Sound comprehension of insurance coverage posed by professional liability policies.
• Ability to analyze and convey summations of complex issues both verbally and in writing; recognize alternative approaches and develop action plans.
• Experience in determining contractual obligations, insurance coverage analyses, and investigations.
• Insurance coverage litigation experience a plus.
• Ability to manage litigation, set loss and expense reserves and evaluate settlement values.
• Work collaboratively and as team player willing to assist within the Unit and Professional Liability Division as needed.
• Ability to proactively self-manage a caseload.

Responsibilities

• Investigate, negotiate and settle primary policy professional liability claims for accountants, architects and engineers, dentists, not-for-profit directors and officers, miscellaneous errors and omissions, employment practices liability, and technology errors and omissions.
• Investigate and analyze coverage under primary professional liability insurance policies; make coverage determinations; draft routine and complex coverage correspondence; effectively communicate coverage positions to policyholders, agents and other stakeholders; manage claims involving coverage litigation.
• Manage litigation filed nationwide against insureds; appoint, direct and manage defense counsel; proactively work toward expeditious and economical resolution of claims; assist Company claims vendor management, disbursement and legal collections teams with defense counsel, bill payment and collection issues.
• Communicate with underwriting as needed to manage claims and to alert of any significant developments.
• Promptly communicate with Claims Manager on adverse case developments and provide information on pertinent issues affecting professional liability product lines.
• Proven ability to work in a collaborative team environment.
• Analyze and convey summations of complex issues; recognize alternative approaches and develop action plans, both orally and in written form.
• Maintain and adhere to Markel's guidelines and procedures.
• Ensure proper adherence to internal reporting requirements.
• Contribute and assist in the implementation of a wide range of initiatives, discussion and action plans brought forth by the Claims Manager.
• Participate in agent and underwriting related functions and meetings as required.
• Actively participate in the ongoing training and development.

Benefits

• Competitive health, dental and vision insurance plan options.
• Optional life, disability, and AD&D insurance.
• 401(k) with employer match contributions.
• Employee Stock Purchase Plan.
• PTO, corporate holidays and floating holidays.
• Parental leave.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree