Raleigh, NC, USA * Richmond, VA, USA * Virtual
Req #102
Wednesday, May 15, 2024
Come grow with James River Insurance! James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs. At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards. James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in two specialty property and casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.
Product Coverage Counsel Job Summary The Product Coverage Counsel is responsible for creating, reviewing, editing, and organizing the Company's policy forms and endorsements and maintaining the Company's insurance product catalog. Duties and Responsibilities
- Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
- Draft new forms and endorsements and review manuscript forms and endorsements for all lines of business at both the E&S and Specialty Admitted segments
- Edit, organize and maintain the Company's insurance product catalog to include the Company's policy forms and endorsements for all lines of business within the E&S segment as well as the Specialty Admitted segment
- Conduct ongoing extensive and detailed research on how the laws of all fifty states affect the construction and interpretation of the Company's policies, forms and endorsements
- Analyze complex insurance contracts in all policy forms, including but not limited to: CGL (including NY Labor Law, Construction Liability, Construction Defect), Property, Workers' Compensation, Professional E&O (Skilled Nursing Facilities, Assisted Living Facilities, Healthcare Professional Liability), Inland Marine, Directors' & Officers' Liability, Excess Casualty and Umbrella policies
- Collaborate closely with the Company's Claims and Underwriting Departments to determine what new forms are needed and what existing forms need to be revised
- Works with Claims management and Claims Counsel on identifying litigation and form application trends and addressing impact on existing forms and products
- Collaborate with internal and external clients and counsel to identify and implement solutions to complex business and legal challenges
- Review and edit reinsurance contracts
- Develop relationships and network with clients and business partners across the organization
- Attend and participate in roundtable meetings with Claims leadership on matters involving high complexity and/or financial exposure
- Share significant court decisions and/or litigation trends and their impact on the business with Leadership
- Responsible for chairing the forms committee/product development
- Assist Claims Leadership, Ceded Re and Risk Management and Corporate Legal departments with ongoing projects and assignments
Knowledge, Skills and Abilities
- Advanced knowledge of insurance policy language, forms and endorsements
- Advanced knowledge of pertinent insurance law
- Ability to draft insurance policy language and reinsurance contract language that is grounded in knowledge of insurance law
- Excellent written, oral and presentation communications skills
- Strong customer service skills
- Continuous learning style
- High level of initiative and motivation
- Self-starter who works well independently and in a team environment
- Ability to organize complex information, pay close attention to detail and handle multiple tasks
- Ability to present information and advice in a clear, concise, logical, and well-organized manner to enable clients to make informed, well-reasoned business decisions
- Ability to deliver and share feedback to others in a respectful and constructive manner
- Strategic thinker with creative problem-solving abilities
- Ability to exercise sound judgement in making critical decisions
- Ability to take appropriate risks and challenge assumptions when appropriate
- Ability to identify and make process and procedure improvement recommendations
- Excellent written and verbal communication skills
- Skilled in active listening
- Proven ability to provide exceptional customer service
- Proficiency in MS Office (Word, Excel, Outlook)
Experience and Education
- Bachelor's Degree required
- Juris Doctorate Degree required
- State Bar Admission required
- Minimum of five years of experience as an attorney handling insurance policies (drafting insurance policy language to include new policy forms and full endorsements), coverage disputes and litigation at an insurance carrier required
- Prior experience handling matters involving reinsurance contracts, reinsurance coverage disputes and litigation preferred
#LI-AF1 #LI-Remote
Other details
Job Family Claims
Job Sub Family Operations
Pay Type Salary
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