Insurance Claims Forensic Accounting and Consulting

A Leader in Insurance Claims
Forensic Accounting and Consulting

The unpredictable and devastating impacts of losses and catastrophic events require a timely and specific response. Our independent and objective forensic accountants understand the delicate balance between crisis, relationships, accuracy, and timeliness that arises during the property and casualty claims adjustment process.

Services Areas

Our team brings extensive experience to property, fidelity, liability, cyber, and casualty insurance matters worldwide.

Insurance Claims Forensic
Accounting and Consulting

We review and quantify potential economic damages for our clients. Our experience includes analyzing and calculating primary insurance claims, such as business interruption, extra expenses, and inventory losses. Additionally, we handle contingent business interruption, fidelity, cyber claims, and property damage. With our comprehensive approach, we help clients navigate complex financial losses effectively.

Stratis AI Platform

Using machine learning and built-in algorithms, our expert team uses Stratis, our proprietary business interruption tool. Stratis catches red flags and generates accurate calculations that are verified by expert forensic accountants and reviewed by top-level executives. Adaptable to any product line and any portfolio, Stratis is the most advanced claims accounting tool available.

Fidelity Insurance Claims

Dishonest employees frequently cause financial losses to businesses. After a forensic investigation, it’s crucial to implement proper training and internal controls to prevent future fraud. Another key step is filing a fidelity insurance claim. Fidelity coverage protects businesses from losses due to theft, forgery, or fraud. The Lowers Forensics team leverages extensive forensic accounting and insurance claims expertise to help verify the quantum of loss.

Cyber Insurance Claims

We combine financial forensics and risk mitigation solutions to tackle today’s cybersecurity threats and support fast recovery after a loss. Our forensic accounting team provides post-incident investigation and evidence support. We have extensive experience helping breached companies and their insurers quantify damages from lost revenue, extra expenses, tangible assets, or business reputation.

Cyber Loss Investigations

Our professionals have extensive experience in measuring cyber losses and business interruption losses. This includes quantifying compromised data, such as PII, financial information, or other sensitive records, following a breach. Additionally, we calculate lost profits and extra costs resulting from hacking or ransomware attacks. With our expertise, we help clients navigate the financial impact of cyber incidents effectively.

Catastrophic (CAT) Claims

Catastrophes have devastating, far-reaching effects on both individuals and businesses. While we cannot always control how disasters impact us, we can control how we respond. As a forensic accounting firm, we help insurers quickly assess claim value to ensure accurate and efficient payouts after a catastrophic event. In these situations, our Stratis AI platform plays a vital role by delivering fast, flat-fee reports for claims or reserves.

Our forensics professionals are here to help you.

Insights About Insurance Claims
Forensic Accounting and Consulting

Leveraging AI for Efficient Processing and Classification of Financial Data in Insurance Claims

This blog explores the benefits of leveraging AI in financial data processing, highlighting how it enhances efficiency and expedites the lifecycle of insurance claims.

Navigating Business Interruption and Extra-Expense Claims When Inflation, Workforce Shortages, and Supply-Chain Issues are High

At the recent PLRB Regional Conference series in Rhode Island, Lowers Forensic International SVP Danielle Gardiner co-presented “Not Your Typical Business Interruption,” a continuing education…

Business Interruption Claims & Implications for Loss Calculations

Between the COVID-19 pandemic, recent social unrest, supply chain interruptions and now the workforce shortage, there have been some very interesting issues thrown into the claims process. Labor…