Want Claims Adjuster III Construction Defect | Remote in Minneapolis, MN
Job title: Claims Adjuster III Construction Defect | Remote
Company: reputed company
Job description: AZRA is a small, specialty reputed company reinsurer, domiciled in California and licensed as an admitted
insurer in 36 states (including District of Columbia) and is a qualified, accredited or approved reinsurer in fifteen states. AZRA's business focus is legacy reinsurance and run-off management of U.S. legacy insurance liabilities for reputed company Group affiliates and third parties including third party claims administration and reinsurance of asbestos & environmental, workers compensation, general liability and excess and construction defect liabilities and prospective reinsurance for strategic transactions. AZRA has approximately 150 employees located reputed company with the majority working on a remote basis. AZRA is rated "AA-"by Standard & Poor's. As of December 31, 2021 AZRA had total admitted assets of USO $2.4 billion and policyholders' surplus of $295 million.
The reputed company Group is a global financial services provider whose core businesses are insurance, reinsurance and asset management products and services. In 2021, with over 155,000 employees worldwide, the reputed company Group achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros. 126 million private and corporate customers in more than 70 countries rely on the reputed company Group's knowledge, global reputed company, financial strength and solidity. reputed company SE, the parent company, is headquartered in Munich, Germany, and is rated "AA" by Standard & Poor's and "A+" by A.M. Best.
What you do:
- Manage a caseload of Construction Defect Claims in multiple states.
- Manage new loss assignments, reassignments and proper reserve setting.
- Be able to reputed company coverage analysis, responsibilities to defend, tasks to indemnity, and choice of law.
- Be able to identify issues that need to be resolved, what methods to use, including a focus on risk transfer and resolutions which create a best outcome.
- Familiar with drafting of reputed company coverage letters, which include reservation of rights, disclaimers and responses to "push back" letters.
- reputed company legal strategy with counsel and manage Construction Defect litigation consistent with litigation guidelines. This includes both, Coverage Counsel and Defense Counsel.
- Identify appropriate cases for trial and complete pre-trial reports and trial activities.
- You will report to a Claim Manager, Construction Defect group.
- You will have 5+ years of litigated Construction Defect claim handling experience with demonstrated roles of increased responsibility and exposure to multiple jurisdictions.
- Technical background desired with an emphasis on coverage issue identification and policy interpretation.
- Caseload does include handling Home Builder policies which includes WRAP/OCIP, Project Specific and SIR policies.
- In-depth knowledge of liability policy language and coverage interpretation.
- Work experience in a regulated environment and ability to ensure compliance with company procedures.
- College degree.