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Workers Compensation Claims Representative in Chicago, IL at Chubb Group of Insurance Companies

Date Posted: 5/29/2018

Job Snapshot

Job Description

The Claim Representative, under the direction of the Claims Team Leader, investigates and settles claims promptly, equitably and within established best practices guidelines.

MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

  • Receive assignments.
  • Reviews claim and policy information to provide background for investigation and may determine the extent of the policy’s obligation to the insured depending on the line of business.
  • Contacts, interviews and obtains statements (recorded or in person) from insureds, claimants, witnesses, physicians, attorneys, police officers, etc. to secure necessary claim information.
  • Evaluates facts supplied by investigation to determine extent of liability of the insured, if any, and extend of the company’s obligation to the insured under the policy contract.
  • Prepares reports on investigation, settlements, denials of claims, individual evaluation of involved parties etc.
  • Sets reserves within authority limits and recommends reserve changes to Team Leader.
  • Reviews progress and status of claims with Team Leader and discusses problems and suggested remedial actions.
  • Prepares and submits to Team Leader unusual or possible undesirable exposures. Assists Team Leader in developing methods and improvements for handling claims.
  • Settles claims promptly and equitably.
  • Obtains releases, proofs of loss or compensation agreements and issues company drafts in payments for claims.
  • Informs claimants, insureds/customers or attorney of denial of claim when applicable.
  •  Manage litigated matters to resolution.
  • Refers claims to subrogation as appropriate.  .
  • Participate in claim file reviews and audits with customer/insured and broker.
  • Administers benefits timely and appropriately. Maintains control of claim’s resolution process to minimize current exposure and future risks
  • Establishes and maintains strong customer relations
  • 2-5 years’ experience handling claims in a relevant line of business.
  • Basic knowledge of claims handling and familiarity with claims terminologies
  • Effective negotiation skills
  • Strong communication and interpersonal skills to be capable of dealing with claimants, customers, insureds, brokers, attorneys etc. in a positive manner concerning losses.
  • Ability to self-motivate and work independently
  • Knowledge of company products, services, coverage’s and policy limits, along with awareness of the company’s claims best practices
  • Knowledge of applicable state and local laws

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