Financial Forensics Blog
Leveraging AI for Efficient Processing and Classification of Financial Data in Insurance Claims
July 11, 2023This blog explores the benefits of leveraging AI in financial data processing, highlighting how it enhances efficiency and expedites the lifecycle of insurance claims.
Read more
Navigating Business Interruption and Extra-Expense Claims When Inflation, Workforce Shortages, and Supply-Chain Issues are High
November 17, 2022At the recent PLRB Regional Conference series in Rhode Island, Lowers Forensic International SVP Danielle Gardiner co-presented “Not Your Typical Business Interruption,” a continuing education session for adjusters that provided real-world examples of how to navigate these unique and challenging times.
Read more
Ransomware: Should you pay the ransom? – Part 2
March 16, 2022Follow along part two to find out the important takeaway for organizations and insurance providers is to assess exposure and costs in advance of an attack.
Read more
Ransomware: To pay or not to pay? – Part 1
March 15, 2022Learn more about what Ransomware is and how it is the most offensive and damaging types of cyberattacks an organization can experience.
Read more
Business Interruption Claims & Implications for Loss Calculations
January 1, 2022Between the COVID-19 pandemic, recent social unrest, supply chain interruptions and now the workforce shortage, there have been some very interesting issues thrown into the claims process. Labor shortages are expected to impact the economy and, as a result, the claims process well into 2022 and possibly beyond. Knowing how to deal with it and how to account for its impact on the claims process is critical to weathering this storm.
Read more
Subrogating a Cybersecurity Attack
November 1, 2021Cybersecurity risks are real. The uncomfortable feeling insurers have is real. And when a loss occurs it really boils down to two things for insurers: Whether to pay and whether you can get your money back. As the scenario in this article proves, it’s not always a straightforward process but with some basic considerations at hand, adjusters can make smarter decisions about how to proceed.
Read more
Blending Data & Technology to Improve Compliance
September 1, 2021People have been trying to defraud insurance companies, almost as long as the concept of insurance was invented. Ensuring proper controls and anti-fraud monitoring inside the walls of today’s insurance company is nothing new.
Read more
E&O in the World Of Cyber Liability
July 1, 2021This article explores the interplay of errors & omissions (E&O) and cyber liability insurance. There is a natural inroad here to discuss bad faith (and good faith) on the part of insurers.
Read more
InsurTech in Claims: Faster, Better, Cheaper
May 1, 2021In the world of claims management, those involved in the claims process are turning to InsurTech solutions to deliver superior cost-effective loss adjusting and claims management services.
Read more
Rebuilding in the Wake Of a Disaster
March 1, 2021In this article, we focus on business interruption (BI) and the goal of making a business “whole” after losses suffered as a result of a catastrophic event.
Read more