Senior Error & Omissions Claims Specialist (E&O and EPLI claims)

Utica National Insurance Group•New Hartford, NY

16d

About The Position

At Utica National Insurance Group, our 1,300 employees nationwide live our corporate promise every day: to make people feel secure, appreciated, and respected. We are an “A” rated, $1.7B award-winning, nationally recognized property & casualty insurance carrier. Headquartered in Central New York, we operate across the Eastern half of the United States, with major office locations in New Hartford, New York and Charlotte, and regional offices in Boston, New York City, Atlanta, Dallas, Columbus, Richmond, and Chicago. You'll be responsible for investigating, evaluating, negotiating, and resolving E&O and EPLI claims with and without litigation on a multistate basis. With skills in detail orientation and analysis, you will interpret coverage and prepare coverage letters. Consultation with supervisors on more complex coverage will occur as needed. This position requires strong claims handling acumen with an understanding of state laws and requirements.

Requirements

Four year degree or JD preferred; or equivalent experience.
4-8 years of claims experience demonstrating expertise in underlying coverages preferred.
Broad background in litigated matters preferred.
Licensing Required to obtain your license(s) as an adjuster in the state(s) in which you are assigned to adjust claims.
Licensing must be obtained within the timeframe set forth by the Company and must be maintained as needed throughout your employment.

Responsibilities

Duties require the ability to deal with complex issues involving large exposures in a multi state environment.
Initiate investigations, conduct direct handling of Errors and Omissions and Employment Practices Liability claims.
Assign and direct attorneys and adjusters.
Analyze coverage and legal issues.
Evaluate liability and damages both in the claim against the insured and in the underlying loss that precipitated the claim.
Establish timely, realistic reserves and settlement values.
Prepare file and other department or company mandated reports.
Issue reservation of rights letters, excess advice letters and recommend disclaimers or voidance.
Negotiate settlements, maintain a current knowledge of applicable state law and court decisions.
Interface with the Underwriters, H. O. Claim staff, insureds, claimants, attorneys and adjusters.
Communicate developments in assigned states to staff via Supervisor/Manager.
Performs other duties as assigned.
Conforms with all corporate policies and procedures.

Benefits

Medical and Prescription Drug Benefit
Dental Benefit
Vision Benefit
Life Insurance and Disability Benefits
401(k) Profit Sharing and Investment Plan (Includes annual Company financial contribution and discretionary Profit Sharing contribution based upon annual company financial results)
Health Savings Account (HSA)
Flexible Spending Accounts
Tuition Assistance, Training, and Professional Designations
Company-Paid Family Leave
Adoption/Surrogacy Assistance Benefit
Voluntary Benefits - Group Accident Insurance, Hospital Indemnity, Critical Illness, Legal, ID Theft Protection, Pet Insurance
Student Loan Refinancing Services
Care.com Membership with Back-up Care, Senior Solutions
Business Travel Accident Insurance
Matching Gifts program
Paid Volunteer Day
Employee Referral Award Program
Wellness programs