About the Role
The Complex Claims Specialist is a senior level individual contributor position responsible for adjudicating assigned claims within given authority and providing operational support to the claims team.
Responsibilities
- Strategize and maximize early settlement opportunities for Construction Defect and 3rd Party Property Damage Claims
- Demonstrate proficient knowledge regarding coverage triggers and time on risk allocation
- Draft and Review coverage analyses
- Manage/Partner with local defense counsel while monitoring litigation
- Drive litigation best practices to manage deployment and utilization of defense counsel
- Continually assess exposures and adequacy of claim reserves
- Demonstrate proficient knowledge regarding theories of liability and state specific negligence standards
- Accurately document claim files with all relevant correspondence, documentation, and file notes
- Demonstrate proficient knowledge of ACV vs RCV property damage assessments
- Attend mediations and/or settlement conferences where appropriate
- Identify suspected fraudulent claims and tracks with special investigations unit
- Actively participate in the Claims/UW/Actuarial feedback loop
- Keep senior claims management adequately and appropriately informed of key issues
- Liaison directly on a daily basis with insureds and brokers
Requirements
- 10+ years of claims handling experience within General Liability & Bodily Injury
- A JD from an ABA accredited law school may be considered as a supplement to claims handling experience
- Proven ability to positively affect highest severity claims outcomes through investigation, negotiation and effectively leading litigation
- Expert knowledge of coverage within the team’s specialty or focus
- Expert knowledge of litigation process and negotiation skills
- Proven track record of mentoring others
- Excellent verbal and written communication skills
- Advanced analytical skills
Skills
- Coverage triggers
- Time on risk allocation
- Coverage analyses
- Litigation management
- Claim reserve assessment
- Theories of liability
- State specific negligence standards
- ACV vs RCV property damage assessments
- Mediation
- Settlement conferences
- Fraudulent claims identification
- Special investigations unit liaison
- Claims/UW/Actuarial feedback
- Insured and broker liaison
Location
- Hybrid
Work Type
- Permanent
- Hybrid
Experience Level
- Senior level
Education Level
- B.A./B.S degree from an accredited College or University preferred
- JD from an ABA accredited law school
Salary/Compensations
- $115,000-$135,000
Benefits
- Competitive salary and bonus
- 401(k) with competitive company matching
- Comprehensive health insurance, vision, dental and FSA plans
- Company paid group term life, short-term disability and long-term disability coverage
- 24 Paid time off days
- 2 Hiscox Days
- 10 paid holidays
- Ability to purchase 5 PTO days
- Paid parental leave
- 4 week paid sabbatical after every 5 years of service
- Financial Adoption Assistance
- Medical Travel Reimbursement Programs
- Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
- Company paid subscription to Headspace
- Modern and open office spaces
- Complimentary drinks
About the Company
- As an international specialist insurer, Hiscox is selective and focuses on key areas of expertise and strength.
- The company culture encourages challenging convention and looking for better ways of doing things.
- Hiscox insures the unique and the interesting, and seeks talented people who are smart, reliable, and look out for customers and each other.
- The business is solid, slightly contrary, and constantly seeks to evolve.
- Hiscox was founded in 1901 and is ambitious and going places.
- Hiscox USA was established in 2006 to focus on the needs of underserved and specialty commercial clients.
- Hiscox USA is the fastest-growing business unit within the Hiscox Group.
- Hiscox USA has approximately 400 employees operating out of 6 major cities.
- Hiscox USA offers a broad portfolio of commercial products.
Equal Opportunity
- Hiscox Values: Courage, Ownership, Integrity, Connected, Human.
- Recipient of 2024 Cigna’s Well-Being Award for having a best-in-class health and wellness program.
- Dynamic, creative and values-driven culture.
