Claims Counsel - Title Insurance at First American

Berwyn, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Title Insurance, InsuranceIndustries

Requirements

Law Degree required
Admitted to practice law in US
Licensed to practice law in good standing
Typically has 4+ years professional experience in title insurance / title underwriting and in depth knowledge on title insurance claims and resolution
Possesses and applies a broad knowledge of principles, practices, and procedures of particular field of specialization to the completion of difficult assignments
Excellent communication, negotiation and organizational skills

Responsibilities

Investigate, evaluate, determine loss and defense coverage liability and resolve claims
Establish settlement and expense reserves
Determine need to retain outside counsel
Manage claims and/or litigation through to final resolution
May address escalation of day-to-day personnel, claims and other operational issues
Negotiate with claimant / opposing counsel / third parties for resolution
Attend mediations and other required court appearances / processes
Review and approve invoices for costs and attorneys’ fees
Perform / assist initial evaluation for recovery

Skills

Claims Investigation

Coverage Evaluation

Reserve Setting

Litigation Management

Settlement Negotiation

Mediation

Court Appearances

Invoice Review

Legal Recovery

First American

Provides title insurance and real estate services

About First American

First American provides title insurance, specialty insurance, and various real estate-related services. Their title insurance protects homebuyers and property owners from potential ownership disputes and financial losses related to real estate transactions. The company offers a platform called myFirstAm®, which allows users to access property information, manage orders, and streamline the closing process from any device. Unlike many competitors, First American has a vast database of property data, with over 5.5 billion document images, making it a leading provider of real estate data solutions. The company's goal is to facilitate smooth real estate transactions while ensuring that clients' investments are protected.

Santa Ana, CaliforniaHeadquarters

1889Year Founded

$800.2MTotal Funding

VENTURE_UNKNOWNCompany Stage

Financial Services, Real EstateIndustries

10,001+Employees

Benefits

401k matching

Health, vision, dental insurance

Professional development

Risks

Data breach allegations could harm First American's reputation and lead to legal issues.

Integration of Mother Lode may face challenges and financial risks.

Dependence on digital transformation poses risks if technology advances rapidly.

Differentiation

First American offers comprehensive title insurance and settlement services nationwide.

The company provides a vast database of over 5.5 billion document images.

First American's digital platform, myFirstAm®, enhances real estate transaction efficiency.

Upsides

Acquisition of Mother Lode expands First American's market share in California.

Docutech purchase boosts First American's digital mortgage revenue by 38%.

Growing fintech trends align with First American's digital transformation strategy.

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