Insurance Claims Quantification and Review

Whatever the nature of the loss or stage in the claim litigation process the Forensic Accounting Services Team of Tauber & Balser, P.C. can put a dollar value with a reasonable degree of accounting certainty on economic losses due to:

As forensic accountants, our investigative mindset and understanding of insurance policies and industry practices enables us to focus our attention on key issues that can make or break a claim.  Whether we are dealing with first party, third party or subrogation claims, our knowledge of the policy terms and conditions that apply to your claims adds credibility to our analysis and calculations.

Our understanding of the financial, accounting and loss issues that need to be addressed enables us to prepare or review an insurance loss claim that will stand up in court as fully documented, reliable and verifiable to a reasonable degree of accounting certainty.

The following are representative insurance claim quantification and review matters in which Tauber & Balser, P.C. personnel have been engaged:

• Expert in litigation involving theft of many high dollar value watches from retailer on the West Coast.  Case involved extensive review of internal perpetual inventory records to verify existence of actual watch in inventory, as well as opining on procedures followed by loss accountant in insurance bad faith action.
• Expert in product liability matter hired to determine damages sustained by third-party due to use of defective product delivered by supplier.  In a related matter, calculated compensable recovery to an insured utilizing own product exclusion.
• Assisted in successfully defending claim brought by an estate for loss of investment income due to wrongful death of individual who self managed their portfolio.
• Acted as consultant in numerous matters involving the hospitality, manufacturing, service, retail, wholesale and distribution industries.  Testified in deposition leading to a summary judgment motion denying a claim for reimbursement of operating expenses and payroll incurred but not earned.
• Successfully presented evidence proving that company fraudulently presented a business interruption claim for damages incurred to an operating piece of machinery.  Matter involved analysis and tracking of company shipments of product, ultimately illustrating that company diverted business to former inactive corporation during period of restoration.
• Expert in matter in defending bad faith claim against an accounting firm for methodology utilized in computing a business interruption loss.

 
For further information contact:

Howard Zandman       404-814-4915
Clay Busker                404-814-4934