Complex Claims Director, Severity at AIG

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

5+ years of Commercial/Industry claims experience preferred
Excellent communication skills (verbal/written) and strong negotiation skills
Advanced experience and capabilities in litigation claims management including ADR and mediation process
Experience attending and controlling cases (pre-suit, litigated, and post-trial) at mediations, settlement conferences, etc
Property and Casualty licenses required (must be obtained within 6 months)
Motivation for an upwardly mobile career path

Responsibilities

Handle the investigation, evaluation, and disposition of large, complex 3rd party property and casualty claims (e.g., multi-vehicle auto accidents, plant explosions, class action injury claims, catastrophic product liability claims)
Review coverage under Excess Commercial General Liability and auto policies
Participate in claim investigations and control litigation strategy
Direct litigation, attend mediations and trials, assess liability and damages, and recommend reserves
Present large-value cases to senior management
Communicate effectively with insureds, brokers, attorneys, claimants, underwriters, and other stakeholders to provide guidance and manage expectations
Negotiate multimillion-dollar claims with top plaintiff attorneys nationwide, utilizing ADR as appropriate
Document exposure evaluation, resolution strategy, thought process, and financial controls
Prepare and execute investigation strategies identifying critical issues affecting liability, causation, damages, risk transfer, and contribution opportunities
Strategize and budget litigation through discussions with counsel, vendors, and insureds, maintaining financial control of budgets and expenses

Skills

Casualty Claims

Claims Investigation

Coverage Analysis

Litigation Management

Mediation

Trials

Liability Assessment

Damages Evaluation

Reserve Recommendations

Negotiation

Stakeholder Communication

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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