Senior Claims Specialist
Integrated Specialty Coverages, LLCSalary not specified
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries
Requirements
- Minimum 10 years handling commercial casualty claims
- College/University or equivalent industry experience
- Ability to make decisions and give directions to adjusters and/or counsel
- Quick learner with strong communication and negotiating skills
- Excellent interpersonal skills
- Proficient computer skills to navigate paperless claim file system
- Willingness to travel approximately 10% to attend mediations/ADR
Responsibilities
- Handle various types of complex commercial casualty claims including class actions, large property damage claims, product liability recall claims and other general liability claims
- Operate within all operational/Best Practices guidelines
- Determine coverage in conjunction with policy wordings
- Prepare disclaimer and/or reservation of rights letters and communicate to underwriters, brokers and insureds when applicable
- Provide instruction to legal counsel to bring about appropriate resolution of claim
- Ensure compliance by legal counsel of litigation guidelines
- Participate in mediation/ADR process to bring about resolution of claim
- Negotiate settlements directly where possible
- Issue payments within appropriate time frame
- Operate within best practices guidelines, including timely reserve review, notes, payment requests, electronic diary
- Inform management of all complaints, large losses, coverage issues, etc
- Draft reservation of rights and denial letters
- Attend mediation/settlement conference
- Instruct independent adjusters and attorneys in the negotiation and settlement of claims
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What experience is required for the Major Loss Adjuster role?
A minimum of 10 years handling commercial casualty claims is required, along with college/university or equivalent industry experience.
Is this a remote position or does it require office work?
AIG values in-person collaboration as a vital part of its culture, so team members are asked to be primarily in the office.
What key skills are needed for this position?
Candidates need the ability to make decisions and give directions to adjusters and counsel, strong communication and negotiating skills, excellent interpersonal skills, and proficient computer skills for the paperless claim file system.
What is the company culture like at AIG?
AIG values in-person collaboration, outstanding human resources initiatives, and fostering a forward-thinking workplace, and has been named one of Greater Toronto's Top Employers for the seventh year in a row.
How much travel is involved in this role?
Approximately 10% travel is required to attend mediations/ADR.
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
