INSURANCE & CLAIM REVIEW

INSURANCE

Accumyn assists legal counsel, insurance companies, agencies, and policyholders through the complexities of the insurance industry. We assist in the preparation of comprehensive, logical and well-documented claims to achieve reasonable settlements. We also assist our clients on pre-loss matters, such as business interruption values and maximum probable loss studies. Our accountants, valuation professionals, economists, and engineers are often retained immediately after an incident to provide advice and guidance to the policyholder in the recovery process. Our expertise ranges from reviewing detailed claims, policies, financial information, and bookkeeping records to developing financial models for claims and performing business valuations. In addition, we provide expert testimony for policyholders, insurance companies, and legal counsel for many large insurance coverage litigation matters.

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INSURANCE

Accumyn assists legal counsel, insurance companies, agencies, and policyholders through the complexities of the insurance industry. We assist in the preparation of comprehensive, logical and well-documented claims to achieve reasonable settlements. We also assist our clients on pre-loss matters, such as business interruption values and maximum probable loss studies. Our accountants, valuation professionals, economists, and engineers are often retained immediately after an incident to provide advice and guidance to the policyholder in the recovery process. Our expertise ranges from reviewing detailed claims, policies, financial information, and bookkeeping records to developing financial models for claims and performing business valuations. In addition, we provide expert testimony for policyholders, insurance companies, and legal counsel for many large insurance coverage litigation matters.

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CLAIM REVIEW

We assist clients in preparing comprehensive, logical and well-documented claims that result in reasonable insurance claim settlements. We also assist our clients on pre-loss matters, such as business interruption values and maximum probable loss studies. Our accountants, valuation professionals, economists, and engineers are most often retained immediately after an incident to provide advice and guidance to the policyholder in the recovery process. While our experts perform claims review, analyze detailed financial data, review bookkeeping records and develop financial models to assess a claim, our clients are able to focus on serving customers and running their business.

In addition to preparing claims, we provide business valuations as well as expert testimony for policyholders, insurance companies, and legal counsel related to insurance coverage disputes.

Litigation Support, Claims Review, and Contract Review for Insurance Disputes:

+ Insurance Companies vs. Agencies/Brokers;
+ Insurance Companies vs. Policyholders;
+ Insurance Agencies/Brokers vs. Policy holders

Valuation Opinions & Analysis

+ Business
+ Real Estate
+ Lost Value
+ Stigma
+ Diminution
+ Machinery Equipment

Business Interruption

The restoration of basic services may easily require weeks, if not months, after a disaster strikes. Many businesses will be affected by damage caused by wind and water, the closure of freeways, the disruption of critical supply…

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+ Identifying specific lost sales
+ Identifying specific lost customers
+ Attributing lost business income to direct physical damage
+ Trending of historical results
+ Evaluating budgets and forecasts
+ Analyzing relevant economic factors
+ Assessing open orders/bookings
+ Analyzing indemnity period results
+ Evaluating comparables or yardsticks
+ Analyzing competitors
+ Identifying “hidden” extra expenses
+ Documenting extra expense mitigation
+ Documenting capacity
+ Evaluating potential credits for “make-up” deferrals and additional locations
+ Documenting reasonableness and necessity of continuing expenses

Property and Casualty Damage

+ Assisting in the determination of the indemnity period
+ Recommending appropriate recording mechanisms for repair and replacement record-keeping expenditures
+ Assisting in the determination of Actual Cash Value
+ Obtaining appropriate documentation
+ Compiling property and casualty damage claims
+ Worker’s Compensation assessments