business interruption
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.
Read more
Creating Workflow Efficiencies for High-Volume BI Claims
September 29, 2020Stratis™ has helped LFI revolutionize how we process insurance claims accounting and we’re excited about the efficiency, cost savings, and transparency it’s brought to the industry.
Read more
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?
Read more
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.
Read more
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.
Read more
Top 5 Posts from the Financial Forensics Blog in 2019
January 13, 2020Check out the 5 most popular blog posts from the Lowers Forensics International blog in 2019.
Read more
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.
Read more
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.
Read more
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.?
Read more
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.
Read more