GL/Excess Claims Adjuster III Jobs

Explore a career as a GL/Excess Claims Adjuster III, a senior-level role in the insurance and reinsurance sector. Professionals in these jobs are specialists tasked with managing complex, high-exposure claims, primarily involving General Liability (GL) and Excess/Umbrella insurance policies. This position is critical for protecting the financial interests of insurance carriers by thoroughly investigating, evaluating, and resolving challenging claims that often involve significant monetary amounts and intricate legal and coverage issues. The core of a GL/Excess Claims Adjuster III's role involves managing a diverse caseload of claims from assignment to final resolution. A typical day includes conducting detailed coverage analyses, which requires a meticulous review of insurance policies to interpret specific language, conditions, and exclusions. Based on this analysis, adjusters draft complex coverage position letters, such as reservations of rights or denial letters, and effectively respond to challenges from claimants and other involved parties. A major responsibility is the accurate setting and maintaining of financial reserves, ensuring that funds are appropriately allocated for potential claim payouts. These professionals also actively direct the defense in litigated claims, working closely with defense counsel to develop legal strategy, review litigation plans, and control legal costs, all while ensuring compliance with company litigation guidelines. They are adept at identifying opportunities for risk transfer through other insurance policies and negotiating settlements to achieve the most favorable outcome. To succeed in GL/Excess Claims Adjuster III jobs, individuals typically need a substantial background in claims handling, often ranging from five to ten years, with a specific focus on general liability and excess lines. A college degree is a standard requirement. The most crucial skills are technical and analytical. Employers seek candidates with in-depth knowledge of liability policy language and a proven ability to interpret complex coverage scenarios. Strong analytical and investigative skills are paramount for dissecting claims facts and applying policy provisions. Excellent written and verbal communication skills are essential for corresponding with policyholders, attorneys, and management. Furthermore, these senior adjusters must possess superior negotiation skills and the ability to work autonomously, managing their caseload with minimal supervision while making high-stakes decisions. For those with the requisite experience and expertise, GL/Excess Claims Adjuster III jobs offer a challenging and rewarding career path at the forefront of complex claims resolution.