Stephen Lothrop

Stephen Lothrop Email and Phone Number

Arbitration Specialist @ Hagerty
Columbus, OH, US
Stephen Lothrop's Location
Columbus, Ohio, United States, United States
Stephen Lothrop's Contact Details
About Stephen Lothrop

Top Ranked Senior Arbitration Professional with 15+ years’ experience. Demonstrated success in negotiatingand securing a high volume of recoveries. Results-oriented leader, who has the vision, communication skills,and interpersonal savvy to effectively enable, educate and motivate associates to exceed team goals. ClaimSpecialist proficient in the interpretation of state law, policy language, and settlement practices across multiple insurance product lines and coverage contracts.

Stephen Lothrop's Current Company Details
Hagerty

Hagerty

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Arbitration Specialist
Columbus, OH, US
Employees:
11
Stephen Lothrop Work Experience Details
  • Hagerty
    Arbitration Specialist
    Hagerty
    Columbus, Oh, Us
  • Hagerty
    Arbitration Specialist
    Hagerty Mar 2020 - Present
    Traverse City, Michigan, United States
    Mentor claims department staff while distinguishing myself as the Subject Matter Expert on liability theory, arbitration potential, and evidence utilization.Calibrate processes to ensure team members are using accurate and effective policies and procedures in multiple jurisdictions for property and casualty losses.Review claim files to assess the cause of action, evaluate recovery potential, plan recovery strategy, document action, and follow up to achieve a fair and equitable… Show more Mentor claims department staff while distinguishing myself as the Subject Matter Expert on liability theory, arbitration potential, and evidence utilization.Calibrate processes to ensure team members are using accurate and effective policies and procedures in multiple jurisdictions for property and casualty losses.Review claim files to assess the cause of action, evaluate recovery potential, plan recovery strategy, document action, and follow up to achieve a fair and equitable disposition.Collaborate with legal counsel on suit filings, cause and origin reporting, and the implementation of forensic engineering experts all while keeping a keen eye on the projected litigation expense budget to ensure a worthwhile return on investment.Streamline problematic procedures; for example, maximized recoveries on duplicate payment of funds, reworded multiple customer/b2b communications to clarify ambiguous language, and enabled safeguards to preserve statute of limitation for 'at-risk' files.Identify areas of growth in talent for the team; proposed an entry level role on the team to field the more data entry driven aspects of the job allowing the experienced and proven negotiators to handle the more specialized recovery tasks.Partnered with talent acquisition to interview, hire and onboard the newest recovery team member.Assumed the role of interim leader to conduct bi-weekly round table meetings, collect production data for the business, and take on all other duties expected of the acting manager as those needs arise. Show less
  • Progressive Insurance
    Managed Repair Representative
    Progressive Insurance Mar 2019 - Feb 2020
    Columbus, Ohio
    ● Managing automobile physical damage repair projects helping clients to get back on the road.● Conducting supply chain purchasing decisions based on supplier part prices, availability, and deliverytime frames.● Discovering and documenting damages resulting from collision and comprehensive losses. Issuingtimely payments to expedite repairs.● Negotiating with shops to reach an agreed price to indemnify customers at the lowest cost.● Exploring trends in the auto insurance… Show more ● Managing automobile physical damage repair projects helping clients to get back on the road.● Conducting supply chain purchasing decisions based on supplier part prices, availability, and deliverytime frames.● Discovering and documenting damages resulting from collision and comprehensive losses. Issuingtimely payments to expedite repairs.● Negotiating with shops to reach an agreed price to indemnify customers at the lowest cost.● Exploring trends in the auto insurance industry to keep up with the rapidly changing environment ofauto manufacturer requirements, repair techniques, and technologies. Show less
  • Nationwide
    Automobile Subrogation Specialist
    Nationwide 2015 - Mar 2019
    Columbus, Ohio Area
    ● Drafted and submitted demands to liable third-party carriers influencing others to pay our first-partycompany losses.● Prepared and filed contentions for inter-company arbitration hearings with a highly favorable award rate.● Negotiated maximum recoveries based on case evidence, state-specific tort law, and third-party auditreports.● Independently prioritized workload to manage 300-500 active claim files for expedited recovery.… Show more ● Drafted and submitted demands to liable third-party carriers influencing others to pay our first-partycompany losses.● Prepared and filed contentions for inter-company arbitration hearings with a highly favorable award rate.● Negotiated maximum recoveries based on case evidence, state-specific tort law, and third-party auditreports.● Independently prioritized workload to manage 300-500 active claim files for expedited recovery. ● Netted recoveries of $8.2 million total in the previous fiscal year (2017) distinguishing myself as the top recovery specialist for my team and 8th overall company-wide. My average monthly recovery earnings were 148% ahead of plan. Show less
  • Nationwide
    Property Subrogation Specialist
    Nationwide 2014 - 2015
    Columbus, Ohio Area
    ● Investigated claims for recovery potential in determining singular or multiple at-fault parties, evaluatedthe level of negligence contributed by each, submitted demands to the appropriate carriers, and closelymonitored the progress of claims to ensure payments are delivered expediently.● Negotiated settlements with liability insurance carriers to minimize first-party losses.● Netted recoveries earning the spot of top core subrogation specialist in Ohio.
  • Nationwide
    Property Claims Specialist
    Nationwide Oct 2012 - 2014
    Columbus, Ohio Area
    Responsible for delivering world class claim handling practices across a broad range of loss scenarios. Oversee managed repair projects with our preferred contractor network, maintaining reasonable timelines for the acquisition of materials and execution of labor.Evaluate losses to determine if potential coverage exclusions or limitations exist according to specific policy coverage forms.
  • Barley'S Brewing Company
    Brewmaster
    Barley'S Brewing Company 2010 - 2015
    Columbus, Ohio
    Responsible for the production of 1500 barrels of the highest quality craft beer in the Columbus vicinity valuing upwards of $13.5 million a year in gross revenue. Act as a company spokesperson at large tasting events to spread the philosophy of quality craftsmanship hereby contributing to an gross product sales increase of more than 60% over the 2013 sales total.
  • Nationwide Insurance
    Insurance Sales Representative
    Nationwide Insurance 2005 - 2007
    Columbus, Ohio
    ● Built a successful $450K premium per year agency through exemplary sales performance andprocedural knowledge.● Collaborated with Marketing to recognize which design elements were most conducive to the customerexperience.● Created and implemented a successful Nationwide Insurance sales outlet dealing in multiple lines ofinsurance ranging from property and casualty to life products and annuities.
  • Demont Insurance Agency
    Associate Sales Agent & General Manager
    Demont Insurance Agency 2004 - 2005
    Tallahassee, Florida
    ● Engaged a salesforce of four personal lines producers, three commercial producers, and twolife/financial producers for consultative selling and goal achievement through teamwork.● Implemented a new information system client management tool and established connections with threestart-up insurance carriers to enhance the customer experience through ease of use and increased productoptions for hundreds of clients.● Diversified sales channels through the hiring of bilingual… Show more ● Engaged a salesforce of four personal lines producers, three commercial producers, and twolife/financial producers for consultative selling and goal achievement through teamwork.● Implemented a new information system client management tool and established connections with threestart-up insurance carriers to enhance the customer experience through ease of use and increased productoptions for hundreds of clients.● Diversified sales channels through the hiring of bilingual staff members and configuring our call matrixto route calls according to customer language needs.● Served as Subject Matter Expert holding weekly workshops to share product, underwriting, and salesknowledge with the agency workforce; organized a weekly round table sales meeting to discussagency-level opportunities and to recognize associate successes. Show less
  • Nationwide Insurance
    Policy Analyst/Underwriter
    Nationwide Insurance 2002 - 2004
    Gainesville, Florida
    ● Analysed data drawn from sales channel portfolio growth percentages and loss ratios to effectively minimize adverse selection of property and casualty risk.● Coordinated with the Nationwide Office of Product in the implementation of loss trend reduction strategies.● Developed and facilitated the Property Underwriting portion of ongoing Agency New Hire Training Classes. As co-coordinator of the program, planned overall framework to establish course structure and timeline.● Applied… Show more ● Analysed data drawn from sales channel portfolio growth percentages and loss ratios to effectively minimize adverse selection of property and casualty risk.● Coordinated with the Nationwide Office of Product in the implementation of loss trend reduction strategies.● Developed and facilitated the Property Underwriting portion of ongoing Agency New Hire Training Classes. As co-coordinator of the program, planned overall framework to establish course structure and timeline.● Applied technical expertise and astute decision-making skills in the evaluation of inspection material to assess insurability in case underwriting files. Show less

Stephen Lothrop Skills

Food Craft Beer Beer

Stephen Lothrop Education Details

Frequently Asked Questions about Stephen Lothrop

What company does Stephen Lothrop work for?

Stephen Lothrop works for Hagerty

What is Stephen Lothrop's role at the current company?

Stephen Lothrop's current role is Arbitration Specialist.

What is Stephen Lothrop's email address?

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What is Stephen Lothrop's direct phone number?

Stephen Lothrop's direct phone number is +161480*****

What schools did Stephen Lothrop attend?

Stephen Lothrop attended University Of Florida.

What skills is Stephen Lothrop known for?

Stephen Lothrop has skills like Food, Craft Beer, Beer.

Who are Stephen Lothrop's colleagues?

Stephen Lothrop's colleagues are Ankur Mehta, Nfet Penn, June Palumbo, Katie Bukowski, Earl Hagerty, Allison Leman, Anita Tiwari.

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