Casualty Coverage and Mass Tort - Complex Claims Director at AIG

Philadelphia, Pennsylvania, United States

AIG Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

  • 6+ years of Legal, Insurance, Construction Defect or Environmental experience preferred
  • Ability to handle complex claims involving diverse coverage issues related to GL and Environmental policies
  • Strong analytical and organizational skills
  • Excellent communication, negotiation and investigation skills

Responsibilities

  • Evaluate coverage on sophisticated insurance products
  • Hire and manage counsel to help evaluate coverage and to defend insureds
  • Assess damages with support of outside experts
  • Evaluate financial impact to AIG and to insureds
  • Formulate and execute strategies for favorable claim resolution; negotiate with insureds and third parties
  • Advise business partners concerning exposures and concerning potential product changes and enhancements
  • Advise claims and business leaders on emerging risks

Skills

Key technologies and capabilities for this role

Casualty ClaimsMass TortCoverage AnalysisLitigation HandlingToxic Tort ClaimsEnvironmental ClaimsPFAS ExposureOpioids ClaimsCGL PoliciesBodily Injury ClaimsProperty Damage Claims

Questions & Answers

Common questions about this position

What experience is required for this Casualty Coverage and Mass Tort Complex Director role?

The role requires 6+ years of Legal, Insurance, Construction Defect or Environmental experience preferred, along with the ability to handle complex claims involving diverse coverage issues related to GL and Environmental policies.

What skills are needed to succeed in this position?

Strong analytical and organizational skills are required, along with excellent communication, negotiation and investigation skills.

What is the company culture like at AIG for this role?

AIG fosters a culture of inclusion and belonging through flexible work arrangements, diversity and inclusion learning, cultural awareness activities, and Employee Resource Groups (ERGs), while living corporate values like Take Ownership, Set the Standard, Win Together, Be an Ally, and Do What’s Right.

Is this a remote position or are there location requirements?

The job description mentions flexible work arrangements as part of the culture and notes positions based in Jersey City, NJ and New York, but specific location requirements are not fully detailed.

What makes a strong candidate for this role?

A strong candidate is a seasoned industry professional with 6+ years of relevant experience in Legal, Insurance, Construction Defect or Environmental fields, the ability to handle complex claims, and strong analytical, organizational, communication, negotiation, and investigation skills; veterans are encouraged to apply.

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters
1919Year Founded
IPOCompany Stage
Cybersecurity, Financial ServicesIndustries
10,001+Employees

Benefits

Health, dental, & vision coverage
Flexible Spending Accounts (FSA)
401(k)
PTO
Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.
Expansion in Atlanta could pose financial risks if expected growth does not materialize.
Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.
Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.
AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.
InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.
Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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