EPL & D&O Liability Associate Claim Counsel
Travelers is a leading property casualty insurer with a commitment to customer care and innovation. The EPL & D&O Liability Associate Claim Counsel will analyze, investigate, and resolve claims while providing legal advice to underwriting and non-attorney colleagues, contributing to strategic initiatives within the Bond & Specialty Insurance Claim Counsel team.
Responsibilities
- Follow operational policies to analyze, investigate, and resolve BSI claims of varying levels of severity with active supervision from claims management
- Prepare and present reports for management that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies
- Retain, monitor, and manage outside counsel actively utilizing litigation management plans and budgets
- Communicate with underwriting on significant claim exposures
- Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials and depositions
- Develop the ability to identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and Claim management
- Refine policy interpretation/coverage analysis skills including drafting coverage opinions with case law included
- Develop/strengthen the ability to negotiate settlements/resolutions, review releases and settlement agreements, including confidentiality and non-disclosure provisions
- Support underwriting marketing efforts, including participation in broker and account visits and risk mitigation seminars and authoring customer-focused white papers and articles
- Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting Travelers’ underwriting and claim decisions
- Obtain and maintain required adjusters’ licenses
- Perform other duties as assigned
Skills
- Bachelor's Degree
- Juris Doctorate Degree
- Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working
- One to five years of relevant legal or claim handling work experience
- Ability to effectively work through conflict and resolve issues with a professional demeanor
- Ability to make sound decisions and negotiate terms and conditions within designated authority limit
- Strong verbal and written communication skills with the ability to clearly articulate coverage determinations
- Time management skills with the ability to manage multiple priorities with an attention to detail, data and analytics
- Ability to build and maintain effective and collaborative relationships with colleagues, customers, and business partners
Benefits
- Health Insurance
- Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
- Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.
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