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Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years.
Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Job Category
Claim
Compensation Overview
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country.
The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role;
the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.
Salary Range
$104, - $171,
Target Openings
What Is the Opportunity?
We are looking for a motivated and enthusiastic team player with extensive industry experience to join our Strategic Resolution Group Claim team as a Major Case Specialist handling complex toxic tort, latent injury, sexual misconduct, environmental claims and / or excess claims that present significant financial exposures and multiple factors impacting complexity and severity.
With general supervision, you will independently manage our most challenging high frequency and high severity claims and accounts which routinely present unique, complex liability and coverage issues.
Aided by your expertise, you will develop strategies to successfully resolve these claims in the most efficient and effective way while meeting established protocols and delivering optimal customer service.
You will apply your highly advanced knowledge of legal issues and applicable case law in multiple jurisdictions. Your case assignments will include multi-plaintiff and multi-jurisdiction litigation with the potential for shaping future legal precedent in the areas of coverage and liability, as well as nationwide valuation trends.
You will be responsible for cases involving emerging legal trends and liability theories. The position may include training, mentoring, coaching and supervisory responsibilities, as well as assisting with interviewing and hiring.
May supervise claim professionals handling their own inventory of complex claims, building knowledge of those matters. Provide guidance and expertise in forging effective relationships.
Provide perspective and ensure consistency in account management as appropriate.
As of the date of this posting, Travelers anticipates that this posting will remain open until July 1, 2024.
What Will You Do?
Claims typically involve complex trigger, allocation, limits, and exclusion issues for which incorrect analysis could result in coverage beyond the original intent.
Responsible for researching the existence and application of historical policies that involve a variety of policy types and versions issued by multiple legacy companies.
Apply knowledge of relevant legal concepts in applicable jurisdictions. Prepare coverage recommendations and present to management.
Effectively communicate and defend coverage positions to policyholders or their representatives. Negotiate resolution of coverage issues with other parties including insureds, other carriers and plaintiff's counsel.
Assign appropriate value to factors impacting severity. Provide guidance to underwriting business partners with respect to accuracy and adequacy of, and potential future changes to, loss reserves on assigned claims.
use of proper settlement and release terms. Apply critical and strategic thinking in managing files and accounts.
Attend meetings with counsel, settlement conferences, mediations and trials. Make strategic decisions regarding case resolution to balance global risk on an account and / or jurisdictional basis.
Drive results to appropriate resolution for policyholders and Travelers.
Ensure claims and settlement agreements are handled in a consistent manner. Responsible for decisive and broad reaching regular communication and reporting to coordinate / align actions on assigned accounts.
Take a leadership role in meetings, presentations and negotiations with other contacts. Responsibilities include ensuring appropriate handling of accounts by individuals that you may supervise.
Complete account reviews for asbestos and other claim types encompassing coverage, cost sharing, liability, past performance and future projections.
Present data and projections to senior management, actuaries, and legal staff.
Develop budgets and financial analyses; maintain appropriate defense and indemnity estimates. Recommend action and manage claims and accounts with full damage values that usually exceed $1,000,000.
May supervise claim professionals handling their own inventory of complex claims, building knowledge of those matters. Provide guidance and expertise in forging effective relationships.
Provide perspective and ensure consistency in account management as appropriate.
Develop budgets and financial analyses; maintain appropriate defense and indemnity estimates. Recommend action and manage claims and accounts with full damage values that usually exceed $1,000,000.
Efficiently manage file inventory. Delete section- TWM
Provide perspective and ensure consistency in account management as appropriate.
What Will Our Ideal Candidate Have?
What is a Must Have?
Generally, license(s) must be obtained within three months of starting the job and obtain ongoing education credits as mandated.
What Is in It for You?
If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account.
You are also eligible for a Pension Plan that is 100% funded by Travelers.
In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
Volunteer Encouragement : We have a deep commitment to the communities we serve and encourage our employees to get involved.
Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Employment Practices
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve.
We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
Last updated : 2024-05-24
Full Time
Insurance
$81k-97k (estimate)
05/25/2024
08/24/2024
kieranworks.com
Hartford, CT
<25
Insurance
The job skills required for Case specialist include Planning, Commitment, Leadership, Communicates Effectively, Interviewing, etc. Having related job skills and expertise will give you an advantage when applying to be a Case specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Case specialist. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Case specialist positions, which can be used as a reference in future career path planning. As a Case specialist, it can be promoted into senior positions as a Case Management Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Case specialist. You can explore the career advancement for a Case specialist below and select your interested title to get hiring information.