Experience
5-7 yrs required
Location
Reading, PA, United States
Posted on
Dec 07, 2022
Profile
Claims Consultant - Cyber, Tech, Misc Professional Liability, Fidelity and Media
Duties: Performs a combination of duties in accordance with departmental guidelines. Assesses and evaluates policy coverages to determine whether coverage applies, and to what extent, while escalating issues as needed. Timely and accurately establishes claim reserves, executes on claim activities and strategy and authorizes payments within scope of authority. Ensures issuance of disbursements while managing loss costs and expenses. Routinely investigates, evaluates and assesses coverage, liability and damages for complex claims and suits while communicating directly with insureds, claimants, business partners, witnesses and experts. Seeks early resolution opportunities when appropriate. Identifies files that have potential fraud and refers to SIU. Utilizes negotiation skills to develop complex settlement packages. Identifies claims with third party recovery potential and coordinates with subrogation/recovery unit.01 Partners with attorneys, account representatives, agents/brokers, underwriters and insureds to develop a focused strategy for timely and cost effective resolution of more complex claims. Analyzes claims activities. Prepares and presents reports for management. May be responsible for special projects and presentations. Responsible for input of data that accurately reflects claim circumstances and other information important to our business outcomes. May provide guidance and assistance to other claims staff and functional areas. Keeps current on state/territory regulations and issues as well as industry activity and trends. May perform additional duties as assigned.
Company info
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