Professional Liability Claims Counsel

This is a fully remote position, open to applicants in New York.

📋 Description

• Conduct thorough investigations, evaluations, and management of professional liability claims from the initial stage to resolution.

• Assess coverage matters and ascertain the relevance of policy terms, conditions, and exclusions.

• Set and modify suitable reserves according to developments in claims.

• Formulate and implement strategies for claim resolution, which include negotiation and settlement processes.

• Provide guidance on litigation strategies, encompassing discovery, motion practices, mediation, and trial preparations.

• Participate in mediations, settlement conferences, and trials as necessary.

• Assess liability and damages through a blend of legal, factual, and industry-specific expertise.

• Deliver precise and timely financial forecasts concerning claims portfolios.

• Maintain proactive communication with insured parties, brokers, and management personnel.

• Provide updates on claims and coverage determinations.

• Assist underwriting teams by sharing insights on claims and loss trends.

• Ensure that claims handling complies with regulatory mandates, internal standards, and industry best practices.

• Prepare comprehensive reports for management, insurance carriers, reinsurers, and auditors.

• Identify emerging trends, issues, and exposures within the realm of professional liability.

• Offer constructive feedback to underwriting and risk management regarding loss drivers and prevention strategies.

⛳️ Requirements

• A valid NYS Adjuster License is required; licenses in multiple states are preferred.

• A JD degree is preferred.

• 3-5 years of experience in handling professional liability claims are required.

• In-depth knowledge of claims practices, litigation processes, and insurance coverage is essential.

• Experience in managing complex and/or high-exposure claims is necessary.

• Capacity to work independently and make sound judgment calls is crucial.

• Strong negotiation, analytical, and organizational abilities are needed.

• Excellent written and verbal communication skills are required.

• Proficiency in claims management systems and the Microsoft Office suite is necessary.

• Experience in one or more specialty areas (e.g., Education, Public Entity, EPLI, E&O) is preferred.

• Prior litigation experience or a legal background is preferred.

• Familiarity with excess and surplus lines or specialty insurance markets is preferred.

• Experience with reinsurance reporting and complex coverage issues is preferred.

🏝️ Benefits

• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance.

• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement.

• Mental Health & Wellness: Access to Free Mental Health & Enhanced Advocacy Services.

• Paid Time Off.

• Holidays.

• Discounts with Preferred Partners.