Foundation Risk Partners

Associate General Counsel, Claims - MSI

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Position Overview

  • Location Type: [Not Specified]
  • Employment Type: Full-time
  • Company: MSI

Description: MSI is a leading MGA (Managing General Agency) that combines underwriting expertise with insurer and reinsurer risk capacity to create specialized insurance solutions. The company offers a range of products, including renters, homeowners, and commercial coverages, delivered through various distribution channels. They prioritize exceptional service and utilize technology to simplify the insurance experience.

Responsibilities

  • Legal Advisory: Serves as a legal advisor to the Claims Team and Company regarding insurance coverage and extra-contractual disputes and litigation.
  • Legal Research & Opinions: Conducts legal research, drafts brief legal opinions, and provides legal advice.
  • Claim Review Support: Attends claim review meetings to offer legal guidance.
  • Record Examination & Investigation: Examines records and conducts investigations related to claims.
  • Litigation Management: Manages coverage and extra-contractual litigation by and against the company.
  • Panel Counsel Management: Retains and manages outside panel counsel as needed.
  • Negotiation: Participates in negotiations on behalf of the Company, including settlements.
  • Product Form Review: Assists in drafting and reviewing product forms to ensure adequate coverage and benefits.
  • Training & Projects: Provides leadership updates on major Company projects and expertise on training.

Tasks

  • Applies legal principles, knowledge, and skills based on experience.
  • Evaluates and selects appropriate legal techniques and procedures.
  • Conducts legal research and offers timely legal opinions.
  • Utilizes independent judgment and creative solutioning.
  • Handles complex legal projects requiring originality and ingenuity.
  • Identifies risks, assesses risk areas, and designs/implements controls to mitigate risks.
  • Provides recommendations with an important bearing on the Company’s business, including evaluating risk, identifying outcomes, and assessing probabilities.

Requirements

  • [Not Specified - Requires experience and judgment]

Salary

  • [Not Specified]

Application Instructions

  • [Not Specified]

Company Information

  • Company: MSI (Leading MGA)
  • Mission: To craft specialized insurance solutions for important risks.
  • Focus: Providing exceptional service through a dedicated team and advanced technology.

Skills

Insurance Law
Legal Advisory
Litigation Management
Legal Research
Claims Review
Negotiation
Legal Drafting
Risk Assessment
Legal Project Management

Foundation Risk Partners

Insurance brokerage and consulting services

About Foundation Risk Partners

Foundation Risk Partners operates as an insurance brokerage and consulting firm, focusing on providing tailored insurance solutions and expert advice to clients across the United States. The company grows by acquiring other firms and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Their approach combines expertise in various sectors with a commitment to cultural alignment and shared values. Unlike many competitors, Foundation Risk Partners emphasizes a collaborative relationship with clients, aiming to achieve exceptional outcomes and drive success for their partners.

Daytona Beach, FloridaHeadquarters
2017Year Founded
$2MTotal Funding
DEBTCompany Stage
Consulting, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays
Paid Vacation

Risks

Over-reliance on AI could cause disruptions if technical issues arise.
Expansion into new regions may pose compliance and operational challenges.
Leadership changes might lead to strategic shifts affecting company stability.

Differentiation

Foundation Risk Partners leverages AI to enhance risk analysis accuracy and speed.
The company focuses on a strategic mix of industry expertise and cultural fit.
Foundation Risk Partners is rapidly expanding through acquisitions and organic growth.

Upsides

AI solutions have decreased cycle times by up to 90% for certain activities.
Prospect conversion rates have increased by up to 50% due to AI adoption.
Expansion into Baldwin, New York, offers new market opportunities.

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