[Remote] Sr. Litigation Claims Analyst

Note: The job is a remote job and is open to candidates in USA. Core Specialty Insurance Holdings, Inc. is seeking a Sr. Litigation Claims Analyst to adjust and manage claims related to security companies and private investigators. The role involves analyzing coverage, maintaining claim files, overseeing defense counsel, and preparing internal reports while ensuring compliance with regulations.

Responsibilities

• Provide early contact with insured to identify witnesses, employees, contracts, other relevant documents and to obtain insured’s knowledge of the allegations in the claim/suit
• Analyze coverage for application to claim and prepare coverage position letters including reservation of rights, disclaimers, tender to other parties and acceptance of tenders to insured where appropriate. Confer with internal and external coverage counsel where necessary to clarify coverage position and coverage litigation
• Communicate with underwriting as to insured’s risk potential and for clarification of policy language intent
• Maintain diaries for file tasks, settlement conferences, mediations, and trial
• Oversee defense counsel from initial assignment of defense and throughout litigation to ensure timely reporting, confirmation of defense strategy and analysis of new developments. Collaborate with defense counsel to develop early litigation or settlement strategy. Ensured that Defense Counsel provides timely pretrial reports
• Maintain claim files, notes and documentation which comply with both internal guidelines and external regulations to include analysis of liability, damages, adequacy of reserves and outline of plan or next steps
• Prepare internal reports for file documentation and early identification of significant reserve increases for presentation to management and upper management for review
• Communicate with manager as to critical new developments and significant reserve increase recommendations, and potential settlement recommendations above handler’s settlement authority
• Timely communication and reporting of critical or new developments to exterior carriers including coverage, litigation developments, reserves, and potential settlement opportunities
• Review and approve litigation budgets submitted by Defense Counsel
• Regular review and updating of claim files that remain open but currently inactive and are not generating claim activity. Evaluate inactive claims for closure and removal of reserves
• Attend mediation and settlement conferences when required to facilitate and negotiate settlement
• Monitor and approve/reject litigation expenses recommended by Defense Counsel
• Prepare settlement drafts and review of releases for accuracy
• This role may require occasional travel for matters that cannot be handled through video conference

Skills

• Bachelor's degree required
• Licenses to be obtained where required by a state to adjust claims within that state
• Knowledge of third-party liability claims handling and risk transfer analysis / coverage analysis required
• Minimum 5 plus years of claims experience preferred
• Law degree strongly preferred
• Knowledge of first party commercial auto claims and security guard claims handling preferred

Benefits

• Medical
• Dental
• Vision
• Life insurances
• Short and long-term disability
• Company-match of 100% of a 6% contribution 401(k) plan
• Employee Assistance Plan
• Health Savings Account
• Flexible Spending Account
• Health Reimbursement Account
• Wellness program

Company Overview

• Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses. It was founded in 2020, and is headquartered in Jersey City, New Jersey, USA, with a workforce of 1001-5000 employees. Its website is https://corespecialty.com/.

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