Fire Damage - Restaurant, Sydney East
Appointed by the policy holder to prepare the material damage and business interruption claims. Enabled progress payments to assist with cash flow and achieved an early settlement based upon an agreed reinstatement period.
Appointed by the policy holder to prepare the material damage and business interruption claims. Enabled progress payments to assist with cash flow and achieved an early settlement based upon an agreed reinstatement period.
Review of Reserves - Catastrophic Loss Portfolio, Sydney
Appointed by an Insurer to conduct a file review of documentation supporting reserves for remaining 2010 / 2011 New Zealand earthquake property claims. Reconciled claim staff reporting advices to 'live' system records and reported on the probable loss and maximum risk exposures for internal management considerations.
Appointed by an Insurer to conduct a file review of documentation supporting reserves for remaining 2010 / 2011 New Zealand earthquake property claims. Reconciled claim staff reporting advices to 'live' system records and reported on the probable loss and maximum risk exposures for internal management considerations.
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Internal explosion - Waste Recycling Facility, Melbourne, South Following an explosion and ensuing fire; a recently commissioned high tech waste recycling plant was placed months behind schedule with losses running into the millions. Prepared a detailed economic loss model and accompanying comprehensive report to enable progress payments and assist cash flow. |
Review of Declared Values - ASX Media Company, Sydney
Appointed by a risk consultancy agency to undertake a review of declared values (Business Interruption) for an ASX listed company with revenues in excess of one billion dollars. Reported that the standing declaration unnecessarily insured payroll twice (separately and under Gross Profit). Provided the correct declaration values and made suggestions so that the policy holder may further save premium whilst ensuring adequate cover.
Employee Theft - Roadhouse / Gas Station, South Australia, North Adelaide
Appointed by the Insurer to review a claim involving a manager who allegedly stole close to $500,000 over a twelve month period. Discussed matters with the Insured, accounting staff and reviewed documentation. Reported on weaknesses in internal controls and reported that the loss was supported up to the applicable sub limit.
Appointed by the Insurer to review a claim involving a manager who allegedly stole close to $500,000 over a twelve month period. Discussed matters with the Insured, accounting staff and reviewed documentation. Reported on weaknesses in internal controls and reported that the loss was supported up to the applicable sub limit.
Storm Damage - Pub, Motel & Bottle Shop, Mackay, Queensland
Appointed by the Loss Adjuster to assist with a business interruption claim following severe storm damage. Reviewed documents and pointed out errors in the claim submission. Provided schedules setting out our determinations, which enabled the Adjuster to settle the matter directly with the Insured.
Appointed by the Loss Adjuster to assist with a business interruption claim following severe storm damage. Reviewed documents and pointed out errors in the claim submission. Provided schedules setting out our determinations, which enabled the Adjuster to settle the matter directly with the Insured.
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Employee Theft - Legal Firm, Hong Kong Reviewed a claim in excess of USD 15 million involving the embezzlement of trust funds over a four year period by a Partner of a legal firm. Coordinated with appointing solicitors, policy holder and claim preparer. Reported that a loss up to the appointing insurers layer had been satisfactorily supported. |
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Subrogation Claim - Expert Accountants Report, London, United Kingdom
Prepared an expert accountants report for the solicitor acting on behalf of a defendant and in relation to a claim for GBP 7 million following faulty electrical works. Reported a range of measures between GBP 4 - 5 million, which assisted parties to reach settlement.
Prepared an expert accountants report for the solicitor acting on behalf of a defendant and in relation to a claim for GBP 7 million following faulty electrical works. Reported a range of measures between GBP 4 - 5 million, which assisted parties to reach settlement.
Alternative Risk Transfer Policy - Aircraft De-icing Services, Various Airports, United Kingdom
Appointed by a specialised risks insurer in relation to a claim under a customised risk transfer policy for above average temperatures. Reviewed the claim, which was for in excess of GBP 600,000; and pointed out errors in addition to considering policy response issues. Following provision of our report, the matter settled for around GBP 400,000.
Appointed by a specialised risks insurer in relation to a claim under a customised risk transfer policy for above average temperatures. Reviewed the claim, which was for in excess of GBP 600,000; and pointed out errors in addition to considering policy response issues. Following provision of our report, the matter settled for around GBP 400,000.
Flood Claim - Medical Device Manufacturers & Suppliers, Nakhon Ratchasima, Thailand
As part of a Catastrophic loss team working out of Bangkok and in relation to the 2011 Thailand floods, assessed the loss incurred by a supplier with international contracts. Dealt with management and production staff, obtained relevant data and prepared an economic loss model to enable settlement in the amount of circa GDP 5 million.
As part of a Catastrophic loss team working out of Bangkok and in relation to the 2011 Thailand floods, assessed the loss incurred by a supplier with international contracts. Dealt with management and production staff, obtained relevant data and prepared an economic loss model to enable settlement in the amount of circa GDP 5 million.
Flood Claim - Electronic Manufacturing / Turn-Key Assembly, Pathumthani, Thailand
Appointed by the Insurer to review a claim preparer's submission in relation to business losses totalling GDP 10 million. Assembled a a comprehensive loss model and undertook a detailed review of customer's sales ledgers. A key issue was whether on-going losses were a result of insured damage or an intervening cause such as customers diversifying supply risks. The matter settled for GDP 8 million.
Damages for Breach of Contract - Medical Practitioner, Sydney
Appointed by the Solicitor acting for the Defendant who was being sued by a medical services practice. An Expert Accountant's report claimed a loss of profits of $1.2 million. We prepared an opposing Expert's report report and concluded that the submission contained errors of logic and that the loss had not been demonstrated. The matter was settled prior to court for approximately $200,000.
Appointed by the Solicitor acting for the Defendant who was being sued by a medical services practice. An Expert Accountant's report claimed a loss of profits of $1.2 million. We prepared an opposing Expert's report report and concluded that the submission contained errors of logic and that the loss had not been demonstrated. The matter was settled prior to court for approximately $200,000.