Pros
Gainshare aka yearly bonus. Decent yearly salary. Freedom to come and go as you please in regards to your workday. Vacation time.
Cons
If you want to do halfway decent at your job you will need to be willing to work around 50 hours a week. You will find yourself working overtime everyday and taking the work home just to stay afloat. It's impossible to do everything you have to do in a day within 8 hours. Regardless of how much you do, it is never enough. You will not be trained properly to do the job and it is understood that you will pretty much schlep through the job for at least the first year until you find your way. Supervisors are hardly available when you need them. On a Monday or Saturday you can easily receive 7 or more new claims and you are still expected to contact every party involved in the claim within 24 hours, take inbound available calls, and take care of your prior claims without letting anything fall behind.