Peterson-Work Resume 032916
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Transcript of Peterson-Work Resume 032916
Jeffrey A. Peterson176 Sherry Lane, Chicago Heights, IL 60411 [email protected]
Home (708)754-9433 Mobile (708)752-1497
LICENSING
Certified Non-Resident Claims Adjuster (Casualty & Property):DE, GA,NH,OK, FL, KY, NC, SC, RI, TX, NM, WY, LA, VT,
WORK EXPERIENCE
Senior P/L Claims Specialist Allianz Nov. 2014 to Present Managed large exposure and complex (excess of $5M) lawyer and accountant quota share claims
(written on subscription basis and in both follow form and lead capacity) dealing with the largest international law and accounting firms
Dedicated claims handler and first point of contact from first notice of loss through claim resolution
Managed a pending with greater than $50M of incurred reserves Consulted with monitoring counsel and external counsel with regard to defense spending and
litigation strategy Participated in effective settlement negotiations with professional liability claimants on multi-
million dollar lines Conducted claim investigations and coverage evaluations – analysis of coverage and liability,
damages and strategy in proceedings against our insureds Worked closely with insurers’ monitoring counsel, defense counsel and insureds toward claim
resolutions Dedicated claims handler for two mutual risk retention programs on excess basis - MPC and
AIMRRG Prepared and presented reserve and settlement authority recommendations Exceeded 100% closing ratio target
Senior Claims Specialist Fireman’s Fund Insurance Co. Mar. 1998 to Nov. 2014 Managed large exposure and complex (excess of $5M) lawyer and accountant quota share claims
(written on subscription basis and in both follow form and lead capacity) dealing with the largest international law and accounting firms
Managed primary lawyer claims; primary and excess quota share lawyer and accountant claims; real estate agents claims; and medical professional claims (med mal - $500K - $10M coverages)
Conducted claim investigations and coverage evaluations – analysis of coverage and liability, damages and strategy in proceedings against our insureds
Worked closely with insurers’ monitoring counsel, defense counsel and insureds toward claim resolutions
Retained and managed defense counsel through claim pendency Timely and effectively communicated with insureds to discuss coverage and litigation process Participated in effective settlement negotiations in concert with monitoring counsel, defense
counsel, insureds and other insurers Managed external counsel with regard to defense spending and litigation strategy Prepared and presented reserve and settlement authority recommendations Dedicated claims handler on excess basis for two mutual risk retention programs - MPC and
AIMRRG Dedicated claims handler and first point of contact from first notice of loss through claim
resolution
Met and/or exceeded claim handling metric targets Maintained essential broker and agent relationships Consistently exceeded 100% closing ratio target
Claims Specialist Interstate Insurance Group Mar. 1997 to Mar. 1998 Managed “distressed” borrower automobile loan deficiency claims Evaluated borrowers’ loan applications and lenders’ due diligence of borrowers’ credit
worthiness Evaluated claims presented for coverage Presented recommendations for settlement of lenders’ deficiency balance claims Developed claim tracking database
Liquidation Specialist Federal Deposit Insurance Corporation Feb. 1989 to June 1996 Managed portfolio of distressed consumer loans assumed from closed banks Evaluated loans for settlement value and presented recommendations to management for
settlement Engaged in negotiations with borrowers for resolution of same Participated on closing teams for various banks throughout the Midwest Participated in pre-closing audits and evaluations of various distressed banks Liquidator-in-Charge for various bank closings: managed members of closing teams; consulted
with and advised failed bank customers regarding access to and disposition of accounts and loans;managed inventory and shipping of assumed loans and assets to FDIC offices for liquidation
MISCELLANEOUS
Solid technical ability with Microsoft Office programs and internet applications Professional and community theater actor / singer