Corporate Claims Consultant
PMA Companies · Chicago, Illinois, US
This is a senior level role focusing on claims brought against lawyers and law firms involving Lawyers Professional Liability (LPL) policies, from first noti...
Job description
This is a senior level role focusing on claims brought against lawyers and law firms involving Lawyers Professional Liability (LPL) policies, from first notice to conclusion, with a range of severity and complexity from low to high. Job Responsibilities: - Review and document activity for assigned claims, including coverage evaluation, investigation, and consideration of multiple factors to assess potential liability and exposure - Develop working knowledge of policy forms, industry trends, and issues common to lawyers professional liability insurance and claims - Regularly identify and appropriately address relevant coverage issues - Draft insurance coverage correspondence and reports - Maintain professional relationships with internal and external audiences - Identify and refer files necessitating escalated review as appropriate to claims management - Develop action plans on assigned files to secure appropriate and timely resolution - Negotiate and settle claims with appropriate oversight by the claims management - Review, evaluate, request, and assign timely and appropriate reserves from file inception to resolution with appropriate oversight by claims management - Assign, coord...