business interruption loss
How Forensic Accountants Use Stratis After a CAT
December 8, 2020 | By Carlos RiveraCarlos Rivera, Senior Vice President, Caribbean & Latin America, highlights three questions he gets the most often about Stratis, our proprietary claims management software, about CAT Claims.
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Efficiency, Accuracy and Evolution: Why It (Really) Matters to the Insurance Industry
October 9, 2020In today's Coffee Break, David explains why Efficiency, Accuracy and Evolution matter to the insurance industry.
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Can Technology Rescue CAT Claims Accounting?
August 20, 2020How 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?
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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 Insurers Can Manage the Ensuing Volume of BI Claims Stemming from COVID-19 [Infographic]
April 2, 2020This infographic sheds light on how AI and automation can ease the cost, time, and manual labor involved in calculating business interruption claims.
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5 Scenarios Where Forensic Accountants are Called to Action
March 3, 2020Danielle Gardiner, CPA, CFF provides insight into some of the situations where forensic accountants are called into action.
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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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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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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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When Catastrophe Strikes: The Cost of Business Interruption
February 7, 2019The risk of a catastrophic event causing a short term, long-term, or permanent shutdown of a business is growing. Learn how much a catastrophic event could cost your business, and what you can do to prepare for the worst.
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