Claims Counsel EPL Crime and LPL

Claims Counsel

Job Type: Full Time

Location: Downtown-Chicago, IL

Remote Work: Hybrid, minimum 3 days in the office

Job Description

As Claims Counsel, you will be responsible for the management of complex claims, from first notice to conclusion, involving Directors and Officers (D&O), Fiduciary Liability, Financial Institutions (FI), Employment Practices Liability (EPL), Commercial Crime, Lawyers Professional Liability (LPL), or Miscellaneous Professional Liability insurance policies. The claims may present moderate to high exposure, in multiple jurisdictions, brought against a wide variety of insureds, including privately held and publicly traded companies, nonprofit organizations, financial institutions, and law firms.

Job Responsibilities

Manage and document activity for complex claims, including coverage evaluation, investigation and consideration of multiple factors to assess potential liability and exposure presented

Develop action plans to secure appropriate and timely resolution
In-depth knowledge of Old Republic insurance policy forms, industry trends, and issues common to particular lines of insurance
Draft insurance coverage correspondence and reports
Negotiate and settle claims within designated authority level and in accordance with applicable laws, regulations, and statutes
Evaluate, request and assign timely and appropriate reserves to claims; monitor reserve adequacy from inception to resolution of claims
Strategically assign, coordinate, and manage outside counsel and vendors to obtain optimal claim outcomes; reviews attorney invoices and monitor expenditures for compliance with billing guidelines
Represent Company in depositions, mediations, and trial monitoring as needed
Communicate claim activity with insured and internal management, maintain professional relationships with internal and external audiences
Work collaboratively and productively with claims team
Refer cases as appropriate to supervisor and Company management
Collaborate with underwriting partners on policy renewals, identify existing claims and trends to support business efforts and promote client relationships
Consider innovative methods to improve claim efficiencies and outcomes
Delegate work and mentor assigned staff

Job Requirements

Juris Doctor (J.D.) degree from accredited law school with license to practice law in the U.S. required
4+ years of relevant insurance, claims-related, or law firm experience
Private practice litigation experience preferred
Excellent verbal and written communication skills, including presentation skills
Strong analytical and interpretive skills
Effective time management and organizational skills
Effective advocacy and negotiation skills
Detail-oriented, adaptable, and strategic in decision-making
Customer-service and relationship oriented; strong interpersonal skills
Ability to work independently and remain self-motivated in a fast-paced environment
Willingness to travel for mediations, settlement conferences, and client or account meetings
Experience maintaining confidentiality of work-related information and materials

Qualified candidates must submit a resume to