United States

Disaster Relief Insurance Claims Services

Wednesday November 01, 2017 11:00 AM - 12:00 PM EDT
From Advisory Institute

KPMG Advisory Institute

1.0

Event Overview

We are pleased to announce our Webcast highlighting considerations for entities adversely affected by Hurricanes Harvey, Irma, and Maria and the recent wildfires in California.  Unfortunately, these storms and fires may have resulted in damages to your facility, causing you to incur additional costs. It may have also interrupted your operations, resulting in lost revenues.

On this Webcast, our professionals will discuss key considerations for preparing an insurance claim relating to these losses. Our Panelists will explore the insurance claims process, including: what to expect, who should be involved, duration, common roadblocks, cash advances, and settlements. Topics will include:

  • Assessing the initial loss impact on the business, including identification of crucial systems and assets damaged and the impact on lost earnings
  • Documentation generally required from insurance carriers in connection with catastrophic property damages and business interruption losses as well as extra expenses           incurred
  • Securing timely progress payments prior to full and final settlement to ease or even eliminate the enormous cash-flow problems companies may face during these trying         times
  • Avoiding submitting incomplete claims due to insufficient cost information 
  • Interacting with adjusters, insurance carriers and their respective internal or external accountants
  • Planning for responses to future loss events

Richard Girgenti

Principal, Risk Consulting, KPMG LLP

Thomas Heck

Managing Director, Forensic Services, KPMG LLP

Douglas Farrow

Partner, Forensic Services, KPMG LLP