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First Chicago Insurance Company (FCIC)
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$81k-101k (estimate)
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Casualty Claims Specialist-Oak Brook
$81k-101k (estimate)
Full Time | Insurance 2 Months Ago
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First Chicago Insurance Company (FCIC) is Hiring a Casualty Claims Specialist-Oak Brook Near Brook, IL

We are Growing!

Coming Soon-Claims Office Opening in Oak Brook!

We are First Chicago Insurance Company! We have offices in Bedford Park, IL, (about one mile south of Chicago Midway Airport), as well as Richardson, Texas (Dallas area). Due to our significant growth, we are pleased to announce that we are opening a new Claims office in Oak Brook!

We are seeking experienced Casualty Claims Specialists to join our new office in Oak Brook!

Following are some of the perks First Chicago employees receive:

  • Competitive Salaries
  • Flexible Work Schedules
  • Commitment to your Training & Development
  • Medical and Dental
  • Telemedicine Benefit
  • 401k with a generous company match
  • Paid Time Off and Paid Holidays
  • Tuition Reimbursement Training Programs
  • Wellness Program
  • Fun company sponsored events
  • And so much more!

Qualifications for the Casualty Insurance Claims Specialist:

  • 3-5 Years in Casualty claims experience a MUST!
  • Knowledge of legal and medical terminology.
  • Excellent negotiation, communication, written, organizational and interpersonal skills.
  • Ability to pass written examinations where required by state statutes to become a licensed claims adjuster.
  • Proficiency in Microsoft Office products.

Responsibilities for the Casualty Insurance Claims Specialist:

  • Review & determine course of action on each file assigned, utilizing technical knowledge & experience for the purpose of supporting final disposition of a loss.
  • Conduct thorough investigations and keep accurate and relevant documentation of file activity on each claim assigned including coverage, liability status, and damages that are applicable for each claim.
  • Process Bodily Injury, and coverage claims in accordance with established office procedures.
  • Work closely with Third Parties, plaintiff counsel, Claim Director and Chief.
  • Operating Officer to determine necessary injury and coverage investigation.
  • Research case and statutory law in order to conduct proper claim investigation.
  • Document policy status, coverage, liability and damages on all claims and notify re-insurer on qualifying claims.
  • Prepare and present claim evaluations for the appropriate settlement authority.
  • Maintain reasonable expense factors.
  • Handle other duties as assigned.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Insurance

SALARY

$81k-101k (estimate)

POST DATE

04/29/2023

EXPIRATION DATE

11/21/2028

WEBSITE

firstchicagoinsurance.com

HEADQUARTERS

CHICAGO, IL

SIZE

50 - 100

FOUNDED

1920

CEO

SUSAN J ALBRECHT

REVENUE

$5M - $10M

INDUSTRY

Insurance

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About First Chicago Insurance Company (FCIC)

The company was founded on December 14, 1920 as the Chicago Ice Producers Mutual Liability Company. Originally organized as a mutual insurance company, its initial purpose was to insure the members of the Chicago District Ice Association for general liability, Workers Compensation, public liability for horses and wagons, and commercial vehicle insurance. Association members donated the $26,225 that was needed at that time to start insurance operations. The company was granted licenses to operate in the States of Illinois, Indiana and Wisconsin, which continue to be held today. In the 1930s, th...e company expanded into insuring the private passenger vehicles of the owners and employees of the ice companies. This business was later enlarged to include individuals referred by policyholders of the company. The companys name was changed to Chicago Mutual Liability Company in 1961. During the 1970s and 1980s, the company evolved from its original focus as a commercial lines insurer to become an automobile insurer. At the end of 1994, the Board of Directors decided to exit the Workers Compensation and general liability lines and concentrate on the personal and commercial auto lines of business. In 1991 the Board of Directors decided to change the companys distribution system from direct writing to partnering with independent producers. The company had maximized its growth as a direct writer and needed to adopt a different strategy. The companys name was changed again in 1996 to Chicago Mutual Insurance Company. In 2006, the company was converted from a mutual form of governance to a stock company. It was renamed First Chicago Insurance Company, and became a subsidiary of J & P Holdings, Inc. Innovation is the companys focus as the 100th anniversary of its founding approaches. Management continues to search for opportunities that will serve our current policyholders and contribute to the company's growth and profitability. More
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