Senior Complex Claims Specialist at Hiscox optimizing claims handling and strategies for Construction Defect and Property Damage. Collaborating with legal teams and ensuring effective claims resolution processes.
Responsibilities
Strategize and maximize early settlement opportunities for Construction Defect and 3rd Party Property Damage Claim
Demonstrates proficient knowledge regarding coverage triggers and time on risk allocation
Draft and Review coverage analyses
Manage/Partner with local defense counsel while monitoring litigation
Drives litigation best practices to manage deployment and utilization of defense counsel
Continually assess exposures and adequacy of claim reserves
Demonstrates proficient knowledge regarding theories of liability and State specific negligence standards
Accurately document claim files with all relevant correspondence, documentation, and file notes
Demonstrates proficient knowledge of ACV vs RCV property damage assessments
Attend mediations and/or settlement conferences where appropriate
Identifies suspected fraudulent claims and tracks with special investigations unit
Actively participate in the Claims/UW/Actuarial feedback loop
Keep senior claims management adequately and appropriately informed of key issues
Liaising directly on daily basis with insureds and brokers
Requirements
10+ years of claims handling experience within General Liability & Bodily Injury
A JD from an ABA accredited law school may be considered as a supplement to claims handling experience
Proven ability to positively affect highest severity claims outcomes through investigation, negotiation and effectively leading litigation
Expert knowledge of coverage within the team’s specialty or focus
Expert knowledge of litigation process and negotiation skills
Proven track record of mentoring others
Excellent verbal and written communication skills
Advanced analytical skills
B.A./B.S degree from an accredited College or University preferred
Benefits
Competitive salary and bonus (based on personal & company performance)
401(k) with competitive company matching
Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
Company paid group term life, short-term disability and long-term disability coverage
24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days
Paid parental leave
4 week paid sabbatical after every 5 years of service
Financial Adoption Assistance and Medical Travel Reimbursement Programs
Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
Company paid subscription to Headspace to support employees’ mental health and wellbeing
Dynamic, creative and values-driven culture
Modern and open office spaces, complimentary drinks
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