Claims Adjuster

FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

FM Global has an immediate opening for a claims adjuster, preferably with a commercial property claims and/or engineering background to work in the San Francisco Operations Claims office in Walnut Creek, CA.

The incumbent investigates, resolves, and settles Property Damage claims within their assigned authority in an equitable manner to the satisfaction of the client and FM Global in accordance with policy terms and conditions.

The incumbent provides direction and assistance to the client with loss mitigation, salvage, restoration of production, claims preparation and subrogation. In addition, the incumbent retains, manages and controls internal and external consultants, as needed.

Depending on the experience level, the incumbent is assigned losses, including Property Damage and Business Interruption losses, up to $500,000 without a supervisor and as the first adjuster on losses up to $1,000,000 within the Operations geographical area, or as otherwise directed by the Operations Claims Manager.

Consults with the insureds and offers FM Global assistance in loss mitigation, salvage, restoration of production and claims preparation. In addition to seeking assistance within FM Global, in consultation with a supervisor, the incumbent is authorized to engage recognized independent adjusters, forensic accountants, consultants, engineers or salvage experts. They are also responsible for identifying legal needs, and with the approval of the Operations Claims Manager also recommends engagement of attorneys where subrogation is involved.

Negotiates with the insured to reconcile differences of opinion about the extent of loss and/or coverage to reach an equitable and fair settlement as promptly as possible.

When a loss is settled, forwards the claim with their recommendations for payment to the Operations office where the account is written for final review and approval.

Adheres to Fair Claims Handling requirements relating to claim investigations and payments as outlined in the state/provincial manuals and FM Global Claims operating requirements.

The incumbent keeps the insured and FM Global claims offices advised of progress of losses being handled via timely letters and memos. Disagreements relating to coverage and measurement disputes shall be brought to the attention of the Operations Claims Manager Written for review and action.

An engineering degree (or equivalent experience) is required due to the technical nature of our losses. Project management and technical assessment of critical path is often needed on losses. Jurisdictional licensing may be necessary in some cases. Formalized training, including classroom, office and field-based will be provided

The position is office based with required field work. The candidate must be willing to travel, sometimes with short notice, and work out of town as needed in order to effectively manage assigned losses.