Peterson-Work Resume 032916

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Jeffrey A. Peterson 176 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)

Transcript of Peterson-Work Resume 032916

Page 1: 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

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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