Business Interruption
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.
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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.
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The Impact of COVID-19 on Employment Claims and Litigation
January 1, 2021As employers, insurers, and brokers continue to grapple with the fallout from COVID-19, a variety of pandemic-related claims and litigation have emerged. Federal and state courts and agencies such as the Equal Employment Opportunity Commission (EEOC) are seeing the filing of COVID-19 employment claims with new and complex issues that have come to light.
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Using Stratis to Boost Human Performance
December 18, 2020We had a chance to sit with LFI President Marc Johnson and SVP Danielle Gardiner to talk about how Stratis helps boost human performance across the board.
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Will the 2020 Hurricane Season Add Insult to Injury?
August 17, 20202020 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.
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How Will D&O Insurance Evolve With The Coronavirus?
July 1, 2020As the pandemic continues to cause global economic disruption, we will almost certainly see an increase in companies declaring bankruptcy. Companies’ directors and officers will be looking to their D&O policies to determine what protection they may provide.
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Natural Disasters: Gaining Control Amidst Chaos
September 5, 2019For insurers and their insureds, rapid response is key to resolving claims and helping people and communities recover. Here are four factors that are essential to making accurate, timely insurance claims in response to a catastrophic or natural disaster scenario.
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How Forensic Accountants Help Businesses Recover in the Wake of Hurricanes and Natural Disasters
August 28, 2019Learn how the Lowers Forensics International team works with insurers to resolve business interruption claims resulting from hurricanes and other natural disasters.
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How Automation and AI are Transforming Insurance Claims Accounting
July 24, 2019Automation and Artificial Intelligence (AI) can bring many gains to the insurance industry, whether it’s mitigating losses, settling claims quickly and fairly, or delivering a positive customer experience.
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Managing the “What-if” Scenario of a Business Interruption Claim
March 6, 2019Causes of business interruption (BI) can range from something as simple as a power outage from a winter storm, to a complex cyber-attack, to something as catastrophic as a hurricane. When one of these ‘what-if’ scenarios becomes a real-life scenario, your mind will eventually, if not quickly, turn to one of cost. What is this interruption going to cost in terms of lost revenue, lost productivity, lost market share, lost opportunities, etc.?
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