Nationwide

Claims Specialist III, Casualty - E&S/Specialty (General Liability)

United States

$100,000 – $1,000,000Compensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Claims Specialist - Excess & Surplus (E&S)

Position Overview

Nationwide's Property and Casualty team is seeking passionate individuals to help people protect what matters most. This role focuses on innovating and simplifying processes and operations to provide the best customer value. Our customers are at the center of everything we do, and we're looking for associates dedicated to delivering extraordinary care.

The Excess Surplus (E&S) Claims team handles unique and challenging insurance claims with complicated risks and loss history, requiring adaptability and resilience. As a Claims Specialist, you will investigate, evaluate, and resolve commercial and professional lines claims and lawsuits of a severe and complex nature, or from a specialty line or program of significant value to the organization.

Work Environment

  • Location Type: Flexible, open to virtual and/or remote-based applicants.

Key Responsibilities

  • Investigate, evaluate, and resolve commercial lines claims of high severity and complexity, including handling litigation.
  • Handle claims with values ranging from $100,000 to $1 million.
  • Resolve claims of a complex and severe nature in compliance with company quality standards. This may include claims such as arson, fraud, excess/umbrella, directors and officers, medical and legal malpractice, governmental liability, products and completed operations, and premises bodily injury.
  • Manage the work and performance of vendors to successfully resolve claims.
  • Meet the expectations and requirements of internal and external customers.
  • Assist in the development, coaching, training, and mentoring of individual team members.
  • May act as a subject matter authority in a particular line of business or risk.
  • Create and maintain open and trusting working relationships with insureds to gather and share pertinent information.
  • Evaluate claims promptly to identify and manage reserves according to company standards.
  • Maintain current knowledge of all insurance lines, court decisions impacting the claim function, current guidelines, and policy changes. This may involve attending seminars and training sessions.
  • Perform other responsibilities as assigned.

Requirements

  • Experience:
    • 5-10 years of claims handling experience, specifically Commercial General Liability (CGL).
    • Exposure and familiarity handling Bodily Injury (BI) claims is highly preferred.
    • Litigation claims handling experience is highly preferred.
  • Education:
    • College degree preferred.
    • Additional education in a particular line of business may be required.
    • Insurance coursework preferred.
  • License/Certification/Designation:
    • Associates must acquire required Federal and/or state licenses/registrations within the time period designated by the business unit.
    • Additional licenses/registrations may be required for new products and services. Failure to acquire required licenses/registrations may result in employment termination.

Employment Type

  • Full-time

Reporting Relationships

  • Reports to E&S/Specialty Claims Manager, E&S/Specialty Senior Claims Manager

Skills

Claims Handling
Commercial General Liability (CGL)
Bodily Injury (BI)
Litigation
Investigation
Evaluation
Resolution
Communication
Organizational Skills
Mentoring

Nationwide

Provides insurance and financial services

About Nationwide

Nationwide provides insurance and financial services to individuals and businesses across the United States. Their product offerings include auto, home, life, and commercial insurance, as well as retirement and investment solutions. The company operates by underwriting insurance policies and managing investment portfolios, earning revenue through premiums, investment income, and fees for financial services. What sets Nationwide apart from its competitors is its focus on leveraging technology to improve claims processing and policy management, along with its commitment to customer service. Additionally, Nationwide partners with organizations to offer financial education resources, particularly for retirees, aiming to ensure financial security and protect the futures of its clients.

Columbus, OhioHeadquarters
1925Year Founded
$769.7MTotal Funding
N/ACompany Stage
Consulting, Financial ServicesIndustries
10,001+Employees

Benefits

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

Risks

Competition from insurtech startups like Nexar may challenge Nationwide's market share.
AI-driven platforms like Planck could disrupt traditional insurance models.
Partnerships with AI firms may require significant tech investment and integration efforts.

Differentiation

Nationwide invests in tech-driven platforms like YellowBird and Betterview to enhance services.
Partnership with CLARA Analytics shows Nationwide's focus on AI for operational efficiency.
Collaboration with Funding Circle highlights Nationwide's support for small business growth.

Upsides

Nationwide's $56M loan to Whitestone REIT diversifies its investment portfolio.
Investments in AI and tech platforms could streamline operations and reduce costs.
Supporting small businesses may expand Nationwide's customer base and strengthen relationships.

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