Nationwide

Claims Specialist III, Commercial Property (CLESS Large Loss - Field)

United States

$50,000 – $500,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Property and CasualtyIndustries

Requirements

Candidates must have 5 years of commercial and/or large loss property claims field-based experience, with Xactimate knowledge. Experience with E&S claims, business income, extra expense, ALE, and commercial structure estimating are preferred. Demonstrated customer service expertise and the ability to manage multiple priorities are also required.

Responsibilities

The Claims Specialist III will handle complex commercial and E&S homeowner property claims, investigating, evaluating, and negotiating damages. They will manage lawsuit files, oversee defense counsel, and ensure claims are handled according to company policies and procedures. Responsibilities include making decisions within delegated authority, recommending settlement values, managing reserves, and partnering with SIU and Subrogation. The role also involves mentoring less experienced associates and delivering a positive customer service experience.

Skills

Commercial Property Claims
Large Loss Claims
Field Claims Handling
Xactimate
E&S Claims Handling
Business Income Claims
Extra Expense Claims
Additional Living Expense (ALE) Claims
Commercial Structure Estimating
Customer Service
Problem-Solving
Negotiation
Communication
Investigation

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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