Insured Losses Under Financial Lines
Investigations for the high-stakes world of D&O, crime and fidelity and political risk
Featured
Submit a new assignment
Insured Losses Under Financial Lines
Stacy Cowan
Director
Michael Diliberto III
Managing Director
Tom Garvey
Director
James W. McCurley
Director
Claims in the financial lines arena are often especially high profile and complex. When people associated with your insureds’ organization stand accused of negligence or financial crime, you can waste no time getting to the bottom of things.
Our accomplished team brings significant experience quantifying losses and analyzing claims. In all engagements, we ensure that issues regarding quantum are understood and addressed. Whether the need is efficient assessment of a discrete issue or full review with detailed calculations, Baker Tilly’s experienced forensic accounting team can help. We’re equally as effective in the boardroom as the courtroom – let us support you where you need us most.
Our financial claims expertise
We apply our expertise to a full spectrum of claims including crime and fidelity, directors and officers liability, political risk, and surety bonds. Our forensic accountants have broad experience of reviewing financial claims and are supported by our forensic technology colleagues who, with computer-assisted audit tools, can extract and examine large amounts of financial data. Where nonfinancial scrutiny is required, we work closely with our investigation team to provide background research and intelligence gathering. We can also assist with asset tracing and recovery.
Crime and fidelity
Insurers and their advisors retain our deeply experienced team to investigate, identify, and verify amounts claimed under a commercial crime package policy, fidelity policy, or financial institution bond coverage form. We scrutinize trails of financial data to evaluate the merits of the scheme and identify the facts and financial evidence necessary to accurately quantify the loss. Such claims typically arise from employee dishonesty, misappropriation, embezzlement, forgery, theft, robbery, or fraud. We also provide commentary on how to better prevent and detect future fraud.
Directors and officers
When a claim arises under a directors and officers (D&O) liability policy, we assist insurers in the review of the claim and the quantification of losses. Our evaluation may involve determining whether the actions of company directors have impacted the company’s value.
