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.

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Responsiveness: We are prepared to assist in determining what our client’s needs may be and adapt as the crisis evolves.

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Coverage Determination: We work with you from the onset to ensure consistent application of policy particulars and reduce ambiguity down the road.

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Teamwork: We have the wherewithal to balance your needs with the numerous challenges involved in the aftermath of a catastrophe.

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Organization: We strive to generate a consistent work product for each claim, and this starts with a well-defined workflow.

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Efficiency and Accuracy: Even in the face of catastrophe and chaos, our goal remains introducing efficiency and accuracy to the claims handling process.

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CAT Response 2020

Insurance Industry Town Hall Series

TECHNOLOGY ADVANCES IN FORENSIC ACCOUNTING

July 8 Watch On Demand

WIDE AREA DAMAGE
AND THE "BUT FOR" TEST

August 5 Watch On Demand

UTILITY INTERRUPTION
AND UNEXPECTED SIDES OF BI

September 2 Watch On Demand

HURRICANES AND HOSPITALITY: ASSESSING THE IMPACT

September 16 Watch On Demand

BEST PRACTICES IN CLAIMS PREP AND HANDLING DURING A CAT

October 7 Watch On Demand

MY CAT CLAIM IS IN LITIGATION – NOW WHAT?

October 28 Register Now

Contacts

Danielle Gardiner, CPA, CFF
Senior Vice President
(401) 210-7079
Carlos A. Rivera, CFE, MAFF
Senior Vice President, Caribbean & Latin America
Fluent in English and Spanish
(551) 280-9709
Kaye D. Shelton, CPA
Senior Vice President
(551) 280-9644

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?

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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.

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The Wide Impact of Wide Area Damages: A Forensic Accounting Perspective

September 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.

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