Resolving time related insurance claims is an extremely complex process. It is essential that key stakeholders such as insurers, reinsurers, brokers and loss adjusters are provided with reliable and robust advice relating to the causes of delay and daily loss estimates. This enables the correct delay period solely attributable to the insured event to be ascertained and the correct reserve to be provided.
When a claim under BI policy is submitted it is not unusual for the valuation of claims to run in the region of $100,000’s per day. As a consequence, every (accurately valued) day saved is worth a considerable sum of money to Insurers.
The insured usually provides little evidence to support its claim and often states that all delay is a direct result of the Material Damage claim. There are often instances whereby it benefits the contractor to take extra time to complete the construction works associated with the insured event. So how can Insurers be confident that the delay claimed is strictly correct under the terms of the policy? How can insurers be confident that opportunistic maintenance works, equipment upgrades, delayed decision making and general policy exclusions have not been wrapped up within the insured’s claimed interruption period?
This is a taste of what we will see at the 2016 Miami | Latin American Claims (re) Insurance Forum
Date: February 2nd 2016
5:15 pm Registration
5.30 pm Conference
6:00 Informal discussion
Where: Malbec Room of Novecento 1414 Brickell Ave, MIAMI, FL 33131
Registration deadline: February 1st 2016 at 1:00PM. Only 40 available tickets.
To register, please send an email to: firstname.lastname@example.org
Also by LinkedIn:
Casual attire. Cost for this event: Free
Topic to be presented by Juan López-Santini and Alan Purbrick
Juan E. López-Santini CPA, CFF, CFE
Mr. Juan E. López-Santini is the resident partner of the forensic accounting firm QLDG – Quintana, López, Donoghue & González, LLP office in Fort Lauderdale, Florida. From that location, the firm mainly attends instructions on the Latin-America region. In addition to this, instructions on matters located in North America, Europe and other international markets are handled by professionals out of this location.
Born in Puerto Rico in 1966, Mr. López holds a bachelors degree in Business Administration with a major in Accounting from the University of Puerto Rico. He has also taken postgraduate level courses in forensic accounting and auditing. He is Certified Public Accountant, a Certified Fraud Examiner, is Certified in Financial Forensics and is a member of the American Institute of Certified Public Accountants (AICPA), the Florida Institute of Certified Public Accountants (FICPA) and the Association of Certified Fraud Examiners.
Mr. López has conducted extensive investigative, forensic, accounting and analytical research to assist litigation, claims and other professionals in the determination of damages. He also has extensive experience in the development of detailed calculation models for the determination of lost earnings in highly complicated advanced technology industries like power generation and commercialization, telecommunications, mining and petrochemical exploration.
He has also prepared detailed reviews and analysis related to material damages and related lost earnings on mining and exploration, mass transit projects, petrochemical operations and electric power generation concerns on an international basis. Mr. López has provided expert testimony in claims related legal proceedings related to lost earnings on mass transit projects, electric generation power plants and mining operations.
He is recognized as an expert on his field and has served as expert witness in accounting, claims, damages, international treaties and insurance related matters in the United States, Europe, the Caribbean, Latin-America and at the Permanent Court of Arbitration in The Hague.
During his years on the forensic accounting field, he has also assisted insurance companies and their attorneys in insurance related litigation proceedings.
Mr. López is highly experienced on energy related and other technical fields having been involved in a multitude of electrical generation, petrochemical, mining, exploration and advanced loss of profit scenarios in addition to transportation, hospitality, manufacturing and retail related engagements. On these, he has analyzed losses in all Latin-American countries as well as in North America, the Caribbean, Europe and the Pacific.
He is very knowledgeable in computer and software packages and has prepared computer applications to help insurance companies and other claims professionals handle complex situations including calculation and payment of claims, catastrophe reports and statistics, and reserve and reinsurance databases.
He has also presented seminars in on insurance subjects for technical risks and damage analysis in the USA, the Caribbean, England and Latin-American. His knowledge of the operation of energy and exploration markets has been called upon by insurers and reinsurers in the development of insurance policies for energy related risks and for training of their claims professionals.
Mr. López has also prepared analysis and determination of damages as well as presented related expert testimony on damage, business valuation and commercial disputes outside of the realm of the insurance industry.
He is one of the founding partners of Quintana, López, Donoghue & González and works out of the partnership’s office in Fort Lauderdale, Florida from which he attends Latin America, United States, Europe, Asia and other international markets.
Before then, he was one of the founding partners of Quintana & Lewis, LLP for whom he established their office in Fort Lauderdale in 1996. Previously he worked for Matson Driscoll & Damico, CPA’s from 1988 to 1996 where he reached the manager level at both the San Juan, Puerto Rico and Fort Lauderdale, Florida offices from where he handled international instructions for that firm.
Alan Purbrick is the CEO of Capital Consulting International. Alan’s background is in construction and engineering and he became involved in the insurance industry following the IRA bombings of the City of London in 1992 and 1993. He is a Chartered Quantity Surveyor and Building Engineer and has over 25 years’ experience in global construction projects, 20 of those years’ against the backdrop of insurance losses.
Alan is regarded as one of the leading experts on DSU time-related issues and has been involved with some of the World’s largest BI and DSU losses, appearing as an expert witness in the US, UK and Caribbean.
Capital Consulting International (CCi) is
Capital Consulting International, a specialist practice providing claims consultancy consisting of timeline delay analysis, project monitoring and quantum support to the international insurance and reinsurance markets.
CCI was formed in 1998 and it has now grown to be the leading provider of schedule monitoring and time-related analysis to the global insurance industry, with offices throughout the world.
Given the significant claims made under time-related policy provisions, Insurers are demanding increasing levels of rigour during assessment. This invariably gives rise to the need for a more technical and expert approach to time-related claims.
The CCi team is comprised of professionally qualified and experienced individuals from varying industry sectors. Our considerable experience and expertise allows us to provide a broad range of joined up services tailored to complement each stage of the insurance policy life span.