Managing Claims Attorney
Rolling Meadows, Il
Responsible for managing a team of claim professionals, including claims attorneys and claims analysts, handling claims under the employment practices liability and non-profit liability policy lines.Reviewed new claims for coverage and assigned new claims, addressed coverage questions and reviewed and approved coverage position letters, including declinations.Daily analysis of claims in the claims system including reviewing reserves, monitoring file developments, evaluating potential settlement opportunities and reviewing for file closure.Approved reserve increase requests, payment requests and requests for increased settlement authority.Conducted trial meetings on any claims scheduled for trial or binding arbitration and reviewed trial reports to evaluate for possible resolution.Quarterly reserve analysis reporting and anticipated claim progression of all open employment practices liability and non-profit liability claims to assist in IBNR development.Conducted monthly file audits as part of the company’s Sarbanes-Oxley compliance, prepared and reviewed large loss reports for corporate and reinsurance reporting, assisted with reinsurance audits, and maintained spreadsheets of first party litigation and severe claims.Drafted and revised the department’s claims process overview as part of the company’s Sarbanes-Oxley compliance.Conducted internal training sessions for claim professionals on department best practices, including evaluating, reserving and negotiating.Conducted yearly evaluations of claim professionals. Conducted interviews of new candidates and made recommendations for hire.Assisted the underwriting departments and underwriting managers, including comprehensive policy form training for new underwriters, reviewing and approving manuscript policy endorsements and assisting with policy form drafting.Conducted several short 5-10 minute "Small Talk" podcasts for Monitor's website and YouTube channel.