Hillary Hogan is a director with Baker Tilly’s forensic, litigation and valuation services practice. She has specialised in the quantification of economic losses since 2006. Working with insurance and legal clients across the U.S., Europe, Asia and Africa, Hillary has analysed complex losses of various scopes and sizes and has extensive experience in the retail, manufacturing, hospitality, energy, petrochemical and professional services sectors. Her expertise focuses on physical and non-physical business interruption losses in property and cyber insurance policies.
Prior to her work in forensic accounting, Hillary worked as an external auditor for a Big Four accounting firm where she performed financial and internal control audits of publicly traded, governmental and privately held companies.
- Property – Managed and reviewed high-volumes of small and medium-sized enterprise (SME) claims, in industries ranging from hospitality and professional services to aerospace and manufacturing, for a number of Insurers resulting from non-physical damage cause by the Covid-19 pandemic and related government lockdowns. Work included assessment of business interruption losses and consideration of various policy and legal issues.
- Cyber – Malware attack on a payroll and human resources (HR) services provider causing disruption to customer access to Statistical Analysis System (SAS) and managed services, resulted in loss of revenue, increased overtime and third-party claims. Review involved assessment of whether the loss revenue was contractually obligated or ex-gratia and consideration of the possible policy response.
- Power – Large UK electricity producer suffered 18-month loss on one of its combined cycle gas turbines (CCGTs) following damage caused by a major windstorm. Analysed losses from wholesale profits, capacity market payments and ancillary services. This involved review of forward projection models as well as day-ahead electricity and gas prices, which was complicated by significant fluctuations due to unrelated supply and demand issues across the European power market.
- Petrochemical – Crude distillation Unit (CDU) fire resulted in business interruption losses at a French petrochemical facility. Review included analysis of actual and “shadow” linear programs, consideration of the Covid-19 pandemic’s unprecedented impacts on demand and refining margins, and the economics of actions taken to mitigate the loss of production.
- Renewables – Worked on multiple losses involving physical damage or delay in startup to onshore wind farms, solar farms and anaerobic digesters and the resulting business interruption claims.
- Property – Major storm resulted in damage to more than 400 individual facilities of a UK utility provider across 270 separate locations. Reviewed multimillion pound property damage claim in collaboration with third-party adjuster as well as the related time element losses
- Cyber – Quantified the business interruption loss for a jewelry auction house following a cyber incident. Analysis involved consideration of impacts to both online and store-front operations, including scheduled auctions and scrap gold purchases
- Liability – Performed quarterly audits on behalf of insurers of claims payments made by a residential siding manufacturer under the terms of a 25-year class action settlement, to ensure accuracy and conformity with the settlement agreement
- Conducted a review of the employment and accounting records of a U.S. company to confirm whether accurate private pension contributions had been made to more than 5,600 employees, in line with plan document requirements and individual employee eligibility, over a seven-year period.
- Hillary has been an appointed expert and been involved in the preparation of expert accounting evidence, reports and calculations for trial and mediation, in both the UK and the U.S.
- Hillary has prepared and presented seminars to clients and colleagues, in the U.S. and UK, on various topics related to property and cyber business interruption losses, and energy related topics
- Certified Fraud Examiner
