Insurance Loss Accounting
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.
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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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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.
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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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The Wide Impact of Wide Area Damages: A Forensic Accounting Perspective
September 10, 2019Wide 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.
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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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Big Data in the World of Insurance Claims Accounting
June 11, 2019Big data analytics enable us to draw from vastly disparate data sources and deliver demonstrable patterns that can be used in decision-making. Learn how big data analytics is having an impact on insurance claims accounting.
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Inside the World of Insurance Loss Accounting
May 23, 2019Read our Q&A with John Ganss, CPA, Senior Vice President at Lowers Forensics International, to learn more about his work in property/casualty insurance loss accounting.
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