Catastrophic (CAT) Claims
Catastrophes have devastating and wide-reaching effects on both individuals and businesses. Rarely can we control how disasters impact us and the world around us, but we can always control how we react when they occur. As a forensic accounting firm, we efficiently assist insurers in assessing claim value to ensure that claims are paid out efficiently and accurately in the wake of a catastrophic event. This is a perfect scenario where our Stratis AI platform provides a quick turnaround report for claims or reserves on a flat fee basis.
As a forensic accounting firm, our primary concern is to ensure that claims are paid out efficiently and accurately in the wake of a catastrophic event.
Responsiveness We are prepared to assist in determining what our client’s needs may be and adapt as the crisis evolves.
Coverage Determination We work with you from the onset to ensure consistent application of policy particulars and reduce ambiguity down the road.
Teamwork We have the wherewithal to balance your needs with the numerous challenges involved in the aftermath of a catastrophe.
Organization We strive to generate a consistent work product for each claim, and this starts with a well-defined workflow.
Efficiency and Accuracy Even in the face of catastrophe and chaos, our goal remains introducing efficiency and accuracy to the claims handling process.
CAT Response 2020
Insurance Industry Town Hall Series
TECHNOLOGY ADVANCES IN FORENSIC ACCOUNTINGJuly 8 Watch On Demand
WIDE AREA DAMAGE AND THE "BUT FOR" TESTAugust 5 Watch On Demand
UTILITY INTERRUPTION AND UNEXPECTED SIDES OF BISeptember 2 Watch On Demand
HURRICANES AND HOSPITALITY: ASSESSING THE IMPACTSeptember 16 Watch On Demand
BEST PRACTICES IN CLAIMS PREP AND HANDLING DURING A CATOctober 7 Watch On Demand
MY CAT CLAIM IS IN LITIGATION – NOW WHAT?October 28 Watch On Demand
Insights on CAT and Wide Area Damages
Can Technology Rescue CAT Claims Accounting?August 20, 2020
How do you deliver at scale during a CAT event, such as a hurricane? Technology has a clear role to play. But is forensic technology ready to take over to the extent that other AI and machine learning technologies have done?Read more
Will the 2020 Hurricane Season Add Insult to Injury?August 17, 2020
2020 has taught us that preparedness is crucial. We’ve seen plenty of examples this year of companies, industries, and communities that were prepared for a pandemic like COVID-19. And plenty more that were not at all or severely under prepared. For an insurance industry that is in the trenches with the impacts of COVID worldwide, a catastrophic hurricane event would only make a bad situation worse.Read more
The Wide Impact of Wide Area Damages: A Forensic Accounting PerspectiveSeptember 10, 2019
Wide impact disasters present unique challenges for settling business interruption claims. In this blog, we’ll explore what those obstacles are and highlight how the insurance industry is responding.Read more