News & Analysis as of

Insurance Industry Forensic Accounting Insurance Claims

J.S. Held

The Financial Toll of Unforeseen Weather Events

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Escalating Impacts of Catastrophic Weather - Large insurance losses are increasingly being caused by hazardous weather events such as hurricanes, floods, lightning strikes, high winds, large hail, and wildfires....more

J.S. Held

Detecting Inflation-Driven Fraud in Marine Stock Throughput Insurance Claims

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Following the easing of Covid pandemic restrictions, we are now facing a fresh “cost of living crisis” created by rising inflation and soaring energy bills. The Guardian newspaper reported that forecourts at petrol...more

J.S. Held

The Role of Forensic Accountants in Measuring and Detecting Fraud in Employee Loss Claims

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Insurance claims for employee losses are generally examined by insurance carriers. The carrier will often retain a forensic accountant who has the ability to measure employee losses. Employee losses are typically categorized...more

J.S. Held

The Role of Forensic Accountants in Measuring and Detecting Fraud in Inventory Loss Claims

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Insurance claims for loss of inventory are generally examined by insurance carriers. The carrier will retain a forensic accountant who has the ability to quantify out of sight inventory losses. Out of sight inventory losses...more

J.S. Held

Forensic Accounting in Marine Claims & Cargo Losses

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Since the COVID-19 pandemic began, the logistical challenges, delays, and risks to the global marine supply chain have been well documented on both TV and the internet. While ships continue to sit at ports for extended...more

J.S. Held

The Role of Forensic Accountants in Detecting Fraud in Business Interruption Claims

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Business interruption claims are generally closely scrutinized by insurance carriers and can range from thousands of dollars to claims exceeding $100 million. Insurance carriers often seek the assistance of either internal or...more

K&L Gates LLP

OnRisk: Business Interruption Insurance for Hurricane Losses

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In this episode of OnRisk, K&L Gates attorneys John Sylvester and Paul Fuener discuss business interruption insurance for hurricane losses, highlighting important steps that policyholders can take to protect their interests...more

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