Claim Counsel, Design Professional Liability

$105,100 - $173,400/Yr

Travelers - Morristown, NJ

Full-time - Entry Level

Morristown, NJ

Insurance Carriers and Related Activities

About the position

The Claim Counsel for Design Professional Liability at Travelers Insurance Company is responsible for managing and resolving claims related to errors and omissions against design professionals such as architects and engineers. This role involves thorough investigation, analysis, and legal advice to ensure optimal claim results and superior customer service. The position also includes collaboration with underwriting and participation in strategic initiatives within the Bond & Specialty Insurance (BSI) team.

Responsibilities

• Analyze, investigate, and resolve BSI claims of varying severity with moderate supervision.
• Prepare and present reports for management reflecting loss development, financial exposure, reserve adjustments, and claim strategies.
• Retain and manage outside counsel using litigation management plans and budgets.
• Communicate significant claim exposures to underwriting.
• Identify recovery opportunities and coordinate efforts with the Recovery Management Unit.
• Travel to attend mediations, settlement conferences, and trials.
• Research and provide recovery and loss mitigation advice to claim and underwriting colleagues.

Requirements

• Legal knowledge related to claims and litigation processes.
• Ability to analyze and interpret insurance policies and coverage issues.
• Strong communication skills for collaboration with various stakeholders.
• Experience in managing outside counsel and litigation budgets.

Nice-to-haves

• Experience in professional liability claims, particularly in design professions.
• Familiarity with recovery management strategies.
• Knowledge of the insurance industry and regulatory environment.

Benefits

• Performance-based cash incentive awards.
• Comprehensive compensation and benefits program.