How much does a Claims Manager make in Minnesota? The average Claims Manager salary in Minnesota is $124,155 as of December 27, 2022, but the range typically falls between $109,949 and $138,770. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
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Claims Manager manages the operations of an insurance claims department to meet operational, financial, and service requirements. Oversees the intake and processing of insurance claims for personal, property, or casualty loss based on coverage, appraisal, and verifiable damage. Being a Claims Manager manages appraisal and examination staff and processes. Assures timely and proper disposition of claims based on policy provisions. Additionally, Claims Manager recommends and implements best practices to ensure complete and thorough claim settlements, legal reviews, and investigations following company policies and insurance industry regulations. Determines the value of settlements for escalated claims. Manages negotiations of settlements and administration of claims in litigation. Typically requires a bachelor's degree. Typically reports to top management. The Claims Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Claims Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2023 Salary.com)...View full job description
Location | Avg. Salary | Date Updated |
---|---|---|
Location Lakeville, MN | Avg. Salary $128,500 | Date Updated December 27, 2022 |
Location Minnetonka, MN | Avg. Salary $129,301 | Date Updated December 27, 2022 |
Location Ada, MN | Avg. Salary $112,043 | Date Updated December 27, 2022 |
Location Adams, MN | Avg. Salary $120,575 | Date Updated December 27, 2022 |
Location Adolph, MN | Avg. Salary $116,206 | Date Updated December 27, 2022 |
Location Adrian, MN | Avg. Salary $107,128 | Date Updated December 27, 2022 |
Location Afton, MN | Avg. Salary $128,354 | Date Updated December 27, 2022 |
Location Ah Gwah Ching, MN | Avg. Salary $114,155 | Date Updated December 27, 2022 |
Location Aitkin, MN | Avg. Salary $115,211 | Date Updated December 27, 2022 |
Location Akeley, MN | Avg. Salary $113,675 | Date Updated December 27, 2022 |
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Claims Adjuster I | Experience 0 - 2 | EducationAssociates | Salary Compared to This Job |
Job Title Claims Adjuster III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
About Minnesota Minnesota (/ˌmɪnɪˈsoʊtə/ (listen)) is a state in the Upper Midwest and northern regions of the United States. Minnesota was admitted as the 32nd U.S. ....More
Skills associated with Claims Manager: Claim Settlement Policies, Customer Support, Business Operations, Insurance Claims Management Software ...More
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