Cyber Claim Counsel

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Cyber Claim Counsel
The candidate will follow operational policies to analyze, investigate, and resolve BSI claims of varying levels of severity with moderate supervision from claims management. Will prepare and present reports for management that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies. Retain, monitor, and manage outside counsel actively utilizing litigation management plans and budgets. Communicate with underwriting on significant claim exposures. Continue to develop the ability to identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and Claim management. Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials and depositions. Refine policy interpretation/coverage analysis skills including drafting coverage opinions with case law included. Strengthen the ability to negotiate settlements/resolutions, review releases and settlement agreements, including confidentiality and non-disclosure provisions. Support underwriting marketing efforts, including participation in broker and account visits and risk mitigation seminars and authoring customer-focused white papers and articles. Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting Travelers’ underwriting and claim decisions. Obtain and maintain required adjusters’ licenses.

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