A rapidly growing Specialty Insurance Company is currently seeking a Coverage Counsel to provide general legal oversight to the firm's claims department, handling complex claims and acting as a business partner broadly. This individual will be responsible for supporting claims handling, litigation matters, managing external counsel, navigating coverage issues, and more.
This role reports directly to the Chief Claims Officer who sees this individual as playing an integral role within the business, who can help expand upon the success that the firm has been experiencing over the past few years. This position entails joining a lean, dynamic team in a highly growing company and offers great potential for upward mobility and increased responsibilities over time.
Responsibilities:
- Provide legal advice on insurance coverage matters related professional liability, personal and group excess, and more; responsible for drafting coverage opinions, coverage position letters, etc.
- Analyze and evaluate insurance policies and communicate coverage obligations to internal business teams.
- Manage insurance coverage litigation; handling pre-litigation matters, managing external counsel, etc.
- Oversee claims teams and assist with coverage disputes, provide legal support to coverage matters, oversee claim management documentation, etc.
- Collaborate cross functionally with a variety of internal teams, including Claims, Underwriting, Product, and more - communicate potential issues and advise accordingly.
- Conduct settlement negotiations for complex claims; responsible for drafting and negotiating settlement agreements and related documentation.
- Support compliance and risk functions by identifying potential legal issues and offering solutions/courses of action; remain updated on regulatory developments and advise the business as needed.
Qualifications:
- JD or equivalent from an accredited law school.
- 6+ YOE in legal insurance coverage matters
- Admittance to any state bar.
- Experience with third-party claims, liability claims; experience with personal liability, excess liability, and commercial liability would be considered a significant plus.
- Ability to work as a member of a team in a fast-paced environment. Interest in working for a dynamic and rapidly growing company.
- Experience working with high-net worth individuals on insurance matters is considered a significant plus.
If you or anyone in your network are interested in this opportunity or new opportunities in general, please don't hesitate to apply today! Also, please feel free to reach out directly
