Nationwide

Consultant, Claims - Indemnity Specialty (Silica)

United States

Nationwide Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

Candidates should possess a Bachelor’s degree in a relevant field, such as Environmental Science, Law, or a related discipline, and ideally have 5+ years of experience in claims handling, particularly within environmental or toxic tort claims. Strong knowledge of environmental regulations, litigation strategies, and asbestos/silica claims is highly desirable. Experience with environmental claims and technical knowledge of environmental dangers or legal cases are preferred.

Responsibilities

As a Claims Consultant, the individual will investigate and maintain specialty claims, including silica, asbestos, and other toxic tort cases, conducting detailed reviews and analysis of claims liability and damages. They will bring files to closure through settlements or denials, assist in drafting settlement documents, perform reserve analysis, negotiate cost-sharing agreements, and maintain current knowledge of relevant regulations and case law. Furthermore, the role involves determining duty to defend, selecting defense counsel, monitoring outside counsel, preparing legal audits, providing advice and training, and serving as a lead claims representative in their area of specialty, ultimately striving to deliver fair resolutions and positive customer service.

Skills

Environmental claims
Environmental legal cases
Silica claims
Asbestos claims
Toxic tort litigation
Claim investigation
Litigation strategy
Negotiation
Case review
Legal compliance

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.

Key Metrics

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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