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Financial Lines Insurance Jobs in California (NOW HIRING)

D&O lines claims

San Francisco, CA ยท On-site

$140K/yr

... Financial Lines claims within the Financial and Professional Lines (FLPL) Claims Group. Prior ... Requirements Bachelor's degree and Juris Doctor preferred. 7+ years of experience in the insurance ...

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Financial Lines Insurance information

What is financial lines insurance?

Financial lines insurance refers to a range of commercial insurance products designed to protect businesses and professionals against financial losses resulting from claims of negligence, errors, omissions, or wrongful acts. Common types of financial lines insurance include Directors and Officers (D&O) liability, Professional Indemnity, Cyber Liability, and Employment Practices Liability. These policies help cover legal costs, settlements, or damages arising from lawsuits or regulatory investigations. Financial lines insurance is essential for businesses seeking to manage their risks in an increasingly complex regulatory and litigation environment.

What are the key skills and qualifications needed to thrive in financial lines insurance?

To thrive in Financial Lines Insurance, you need a solid understanding of financial products, risk assessment, and policy underwriting, typically supported by a degree in finance, business, or a related field. Familiarity with insurance management systems, risk modeling software, and certifications such as Chartered Insurance Professional (CIP) or Associate in Risk Management (ARM) is highly valuable. Strong analytical skills, attention to detail, and effective client communication are vital soft skills for this role. These competencies ensure accurate policy structuring, effective risk management, and strong client relationships in a highly specialized and regulated sector.

What are some common challenges faced by professionals in financial lines insurance, and how can they be managed?

Professionals in Financial Lines Insurance often encounter challenges such as staying updated with evolving regulations, understanding complex client risks, and managing large volumes of policy documentation. To manage these, it's crucial to engage in continuous professional development, collaborate closely with underwriters and legal teams, and utilize specialized software for compliance and risk assessment. Building strong client relationships also helps in proactively identifying changes in risk profiles and offering tailored solutions.

What is the difference between Financial Lines Insurance vs Underwriter?

AspectFinancial Lines InsuranceUnderwriter
Required CredentialsInsurance certifications, finance knowledgeInsurance licenses, risk assessment skills
Work EnvironmentInsurance companies, brokerage firmsInsurance companies, underwriting departments
Industry UsageDesigns policies for financial risksEvaluates risks to approve policies

Financial Lines Insurance professionals focus on creating policies for financial risks like errors & omissions or directors & officers liability, while underwriters assess risks and decide on policy issuance. Both roles require insurance knowledge, but their functions differ: one designs policies, the other evaluates risks.

What are considered financial lines in insurance?

Financial lines in insurance refer to coverage that protects businesses and individuals against financial risks, including errors and omissions, directors and officers liability, crime, cyber liability, and professional liability. These policies are often purchased by companies in sectors like finance, technology, and professional services to manage specific financial exposures.

What cities in California are hiring for Financial Lines Insurance jobs?

Cities in California with the most Financial Lines Insurance job openings:

Infographic showing various Financial Lines Insurance job openings in California as of August 2026, with employment types broken down into 93% Full Time, and 7% Part Time. Highlights an 98% In-person, and 2% Hybrid job distribution.

Claims Counsel, Financial Lines & Cyber

Mitsui Sumitomo Insurance Group

Los Angeles, CA โ€ข On-site

$110 - $185/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New


Job description

## Claims Counsel, Financial Lines & CyberApplyremote type: Hybridlocations: CA-Los Angeles: GA-Atlanta: IL-Chicago: TX-Dallas (Addison): NY-NYC (Ave of Americas)time type: Full timeposted on: Posted 19 Days Agojob requisition id: JR-000872MSIG USA continues to grow!**Company Overview:**MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the worldโ€™s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your businessโ€™s unique risks.We are seeking an experienced and detail-oriented Financial Lines Claims Counsel & Cyber to join our Financial Lines Claims and Cyber team. The Claims Attorney will be responsible for handling complex matters, including high severity claims and class actions, from inception through resolution for Financial Lines and Cyber products with an emphasis on Directors & Officers (D&O), Financial Institutions Professional Liability (E&O), Pension Trust (Fiduciary), Employment Practices Liability, and Fidelity policies.The team also handles other Specialty Lines such as Cyber, Political Risk & Trade Credit, Transactional and Tax claims.You will work closely with internal and external customers and stakeholders, deliver excellent customer service, analyze coverage, draft coverage letters, evaluate liability, make claim presentations, set judgmental reserves, and formulate and execute resolution strategies.**The role can be located in one of the following office locations: NYC, Atlanta, Chicago, Cincinnati, Dallas, Los Angeles, or Warren NJ hybrid work environment (4 days in office).****Key Responsibilities:*** Proactively manage claims throughout their lifecycle from initial notification through final disposition.* Conduct timely and thorough investigations and analyses to determine coverage, liability and damages.* Work closely with insureds, brokers, legal counsel, vendors, and other stakeholders throughout the claims process.* Collaborate on claim resolution strategies.* Negotiate direct and mediated settlements within designated authority limits.* Prepare claim summaries and reports and make presentations.* Provide feedback on claims and trends to underwriting and stakeholders.* Maintain accurate and up-to-date claim files and diary system.**Qualifications:*** Bachelorโ€™s and Juris Doctorate degrees required* Minimum of 7 years of experience handling insurance coverage litigation, Financial Lines or Cyber insurance claims, commercial litigation or other related experience.* Excellent communication and interpersonal skills to deliver exceptional customer service and build and maintain customer relationships.* Strong negotiation skills.* Detail-oriented with an ability to independently manage a caseload and prioritize tasks and deadlines.* Proficiency in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint)* Ability to travel as needed.**\*\*\* Candidate must be admitted to practice law in a US jurisdiction and in good standing**#LI-HYBRIDSALARY: The estimated salary range for this position is $110,000.00 - $185,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidateโ€™s relevant experience, location, and other job-related factors. Additional Benefits: Healthcare and Retirement Benefits Comprehensive medical, dental, and vision coverage 401(k) with a generous employer match and profit-sharing contribution Wellness incentive program Life and accidental death and dismemberment (AD&D) insurance Flexible spending programs Short-term and long-term disability plans Additional Benefit Programs Paid time off program Paid charitable leave Paid parental leave Tuition reimbursement program Personal insurance (auto/homeowners) discounts It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities. #J-18808-Ljbffr