Tara Richter

Tara Richter Email and Phone Number

Workers' Compensation Claim Supervisor @ Arrowpoint Capital
United States
Tara Richter's Location
United States, United States
Tara Richter's Contact Details

Tara Richter work email

Tara Richter personal email

About Tara Richter

Throughout my career, I have been eager to grab better opportunities for professional development and growth.For this purpose, I am passionate about attaining and maintaining the full business potential of an organization via quality service practices, regulatory compliance, process improvement, and potential risk management.I am an analytical and results-driven professional with extensive expertise in claims investigation, evaluation, and resolution for diverse industries and jurisdictions. I have a solid background in optimizing claims processes and minimizing costs through strategic management and resolution techniques.I take pride in showcasing my leadership abilities through the successful management of a high-volume caseload, consistently delivering exceptional results.My proficiency extends to maintaining strict compliance with both industry regulations and company policies, ensuring that operations align seamlessly with established standards.Beyond this, I excel in cultivating collaborative relationships with various stakeholders, including insurers, legal teams, and risk management personnel.As an effective communicator, I specialize in facilitating clear and concise interactions with both internal and external partners, further enhancing the efficiency and effectiveness of collaborative efforts.

Tara Richter's Current Company Details
Arrowpoint Capital

Arrowpoint Capital

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Workers' Compensation Claim Supervisor
United States
Employees:
127
Tara Richter Work Experience Details
  • Arrowpoint Capital
    Workers' Compensation Claim Supervisor
    Arrowpoint Capital
    United States
  • Service Insurance Companies
    Claim Supervisor
    Service Insurance Companies Mar 2024 - Present
    Austin, Texas, Us
  • Arrowood Indemnity Company In Liquidation
    Workers' Compensation Claim Supervisor
    Arrowood Indemnity Company In Liquidation May 2016 - Mar 2024
    During this job position, I take the lead in overseeing a dedicated team of claims professionals, ensuring the efficient handling and adjudication of workers' compensation claims. My role involves providing comprehensive guidance and support throughout intricate claim investigations, settlement negotiations, and the management of litigation processes.In addition to managing the internal team, I actively engage with potential vendors to explore and negotiate both prospective and existing contracts. Furthermore, I am responsible for maintaining ongoing service agreements to guarantee the seamless provision of essential services to our clients and stakeholders.Notable Accomplishments:• Managed and evaluated a portfolio of over 800 multi-jurisdictional run-off workers' compensation claims, ensuring accurate• assessment for proper reserves, medical case management, and litigation oversight.• Delivered and maintained exceptional results with an average annual closing reserve reduction surpassing $2M for past 5 years.• Fostered team collaboration and consistently exceeded settlement objectives, achieving an impressive average closure rate of• 15% per annum for open caseloads.• Facilitated and processed annual reimbursement requests with MN WCRA, averaging $350K per year over last 5 years.• Negotiated and secured Minnesota Reimbursement claims with SIF and WCRA, resulting in recovery of more than $1M.
  • Arrowpoint Capital
    Senior Claim Specialist
    Arrowpoint Capital Jun 1998 - May 2016
    Charlotte, Nc, Us
    In this role, I have conducted thorough investigations and evaluations of insurance claims, meticulously assessing their validity and determining eligibility for coverage. Throughout this process, I regularly interact with legal teams, policyholders, and external experts, ensuring smooth and equitable resolutions to claims.Furthermore, I am adept at coordinating with legal counsel to achieve efficient and cost-effective settlements for claim files. By leveraging strong communication and negotiation skills, I facilitate the resolution of claims in a manner that aligns with both company objectives and the needs of our stakeholders.Signature Achievements:• Oversaw 280 multijurisdictional, large deductible, and guaranteed cost workers' compensation claims.• Provided consistent savings exceeding $500K through successful C8.1B filings.• Achieved annual targets by settling 8% of caseload, contributing to successful closure of claims.
  • Arrowpoint Capital
    Tpa Claim Manager
    Arrowpoint Capital Aug 2006 - Jan 2008
    Charlotte, Nc, Us
    At Arrowpoint Capital (formerly Royal & SunAlliance), I have overseen the management of workers' compensation claims spanning multiple states, which are administered by Third Party Administrators (TPAs). This involves conducting on-site assessments of claims and taking the lead in spearheading settlement initiatives in collaboration with insured parties and TPAs.Additionally, I have been responsible for delivering monthly reports to the Chief Claims Officer, outlining high-profile claims with potential exposure to breach deductibles. Through diligent monitoring and analysis, I ensure that key stakeholders are informed of any emerging issues and potential financial implications.Selected Highlights:• Streamlined efficient transfer of files meeting excess thresholds, bringing in-house processing for expeditious handling.• Achieved full and final settlement for 10% of files set to breach deductible.• Maintained a 25% closing ratio for all files throughout tenure.
  • Royal And Sunalliance
    Client Services Consultant
    Royal And Sunalliance 2001 - 2004
    • Facilitated streamlined communication between Risk Management clients and the claims department as a dedicated liaison.• Advocated and promoted our cutting-edge claim services to prominent clients, including Catholic Health Systems, Buca, and Sleep Number.• Coordinated and executed meticulous claim reviews and high-level client meetings directly with insured or broker contacts
  • Royal And Sunalliace
    Workers’ Compensation Adjuster
    Royal And Sunalliace 1998 - 2001
    Co
    • Performed thorough investigations and assessments of incoming workers’ compensation claims spanning multiple states.• Drove efforts for current diary on active files and processed reserves and payments within designated authority level.• Cultivated strong relationships with insured entities, conducting site visits to engage with Risk Managers and performing thorough reviews of open claims.
  • Mcdonald'S
    Claims Adjuster
    Mcdonald'S 1993 - 1998
    Chicago, Illinois, Us
    • Investigated and evaluated all incoming workers’ compensation claims for various states for all Corporate McDonald’s.• Maintained a current and organized diary system for active files, while efficiently processing reserves and payments within the designated authority level.

Tara Richter Skills

Claim Risk Management Claims Management Underwriting Liability Workers' Compensation Claims Legal Liability Workers Compensation Commercial Insurance Insurance Litigation Management Subrogation Property And Casualty Insurance Reinsurance Financial Risk General Insurance Casualty Insurance Insurance Law Claims Resolution Casualty Employment Practices Liability Claim Investigation Liability Analysis Process Improvement Professional Liability Mediation Personal Injury Litigation Negotiation

Tara Richter Education Details

  • Anoka-Ramsey Community College
    Anoka-Ramsey Community College
    General Studies

Frequently Asked Questions about Tara Richter

What company does Tara Richter work for?

Tara Richter works for Arrowpoint Capital

What is Tara Richter's role at the current company?

Tara Richter's current role is Workers' Compensation Claim Supervisor.

What is Tara Richter's email address?

Tara Richter's email address is ta****@****hoo.com

What schools did Tara Richter attend?

Tara Richter attended Anoka-Ramsey Community College.

What skills is Tara Richter known for?

Tara Richter has skills like Claim, Risk Management, Claims Management, Underwriting, Liability, Workers' Compensation Claims, Legal Liability, Workers Compensation, Commercial Insurance, Insurance, Litigation Management, Subrogation.

Who are Tara Richter's colleagues?

Tara Richter's colleagues are Mark Whitley, Nancy Wilson, John Tighe, Cynthia Glickman, Margie Baucom, Francine Mayo, Michael Zayschly.

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