Case Studies Listing

Business Interruption Claims by Verifying:

Extra expense items
Continuing and non-continuing expenses
Payroll
Tax aspects of loss recovery
Application of co-insurance requirements
Magnitude of loss

• Business Interruption/Lost profits- Due to fire, business with two nearby locations submits claim for business interruption/lost profits. Analysis of both locations revealed different facts.
• Loss of production valuation for environmental clean up.
• Business interruption claim with lost production.

Business and Economic Valuations to Assist Client with Evaluating Information Submitted in Support of a Claims or Obligation Related to:

Specific business or professional practices
Business valuations
Claims of future economic activity and/or recovery
Wage loss determinations
Wrongful death losses
Shareholder buyouts and disputes

• Wage Loss-Due to auto accident, claimant applied for total disability based on industry standards. Case settled based on calculation in accordance with claimant's earning history.
• Business valuation for insurance liability claim.
• Wrongful death family loss valuation for national insurance carrier

Liability Claims By:

Preparing forecasts and special financial analysis of damage estimates to property, persons or businesses
Analyzing financial information and related evidential material
Reviewing and reporting on malpractice claims

• Wrongful Death-Estate of insured received judgement for wrongful death. Beneficiaries removed majority of assets from estate for personal purposes. Prepared several economic damage reports with asset tracing.
• Wrongful death family loss valuation for national insurance carrier
• Crop loss damages for product liability case.

Investigative Accounting to:

Detect fraud or embezzlement
Verify magnitude of loss
Analyze specific coverages involved in claims
Suggest internal controls to guard against possible future losses.

• Shareholder Embezzlement-Shareholder used several corporations to move insurance proceeds from an inflated insurance claim.
• Inventory fraud-Business owner of two retail stores submits insurance claim for theft of inventory. Accounting records verify merchandise did not reach second store.
• Special investigation unit of regional insurance company examination of exaggerated charges for outside vendor as it related to local statutes.
• Medical facility insurance fraud investigation for New Jersey insurance company.
  

Business and Economic Valuations for Matrimonial litigation:

Business Valuations
Income determination
Lifestyle analysis

• Mutual expert on business valuation, owner's earning capacity and equitable distribution for New Jersey matrimonial case.
• Valuation of commodity portfolio for New York matrimonial case.