Calculation of payable Business Interruption losses sustained by time share facilities, by they own nature and more often than not, tend to have associated difficulties that typically bring about a number of unwanted complications, usually exacerbated by a lack of clear insurance wordings; lack of quality documentation thus entailing difficulties in the calculation of the ultimate loss of earnings exposure sustained by the Insured; lack of understanding from part of the insured of the concept of salvage and recovery process; unwanted frictions between all stakeholders.
In order to mitigate those factors that can jeopardize a good claims handling result, the need of a precise understanding of the Insured business is a must, the high level technical knowledge which is necessary to understand real exposures, getting all stakeholders together at regular intervals to corroborate the understanding of loss and its calculation, keep up with a good level of communication and at all times setting expectations of all parties at a reasonable level of reality, are a must which will bring about benefits, amongst others a swift and reasonable settlement process; albeit entailing a significant level of work and effort from part of a team of independent claims accountants and adjusters that makes it all worthwhile.
With our latest experience on this we proved it can be successfully done!
Date: April 26th 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: April 25th 2016 at 1:00PM. Only 40 available tickets.
To register, please send an email to: email@example.com
Also by LinkedIn:
Casual attire. Cost for this event: Free
Topic to be presented by David Matías (McLarens) and Roberto Quintana (QLDG):
David Matias BA (Hons), MA, Cert CII, Dip CILA. Country Manager McLarens Mexico
O. Direct: + 52 55 6588 4807; Mobile:+ 52(1)55 4940 4653; firstname.lastname@example.org
McLarens Mexico is a well-established operation run by David who is well supported by international reinsurance markets. David spent 12 years of his career in London, gaining first-hand experience and developing his skills to serve one of the most demanding Reinsurance markets in the world.
David began his career in the insurance sector in 1999 in London, initially working at the London headquarters of a leading Spanish insurer, in underwriting and claims departments. Later he began working for a well-known firm of international loss adjusters based in its London head office, from where he adjusted numerous claims in Latin America, Europe and Asia.
With previous experience in the region in 2008 he relocated for first time to Latin America. David has particular experience in the fields of Hotel/Leisure, Construction, Contractors Plant & Equipment, Fine Art and theft of cash and valuables. He also has considerable experience in the handling of Civil, Professional and Product Liability cases, in Mexico, Guatemala, El Salvador, Honduras, Costa Rica, Panama and Chile.
Examples of his CAR / EAR experience include:
- Various losses during the course of construction of an oil refinery.
- Flood damage to underground railway line extension.
- Storm damage to a hotel during construction.
- Storm damage to wind farms under construction.
- Collapse of embankment during testing of a Hydro plant.
- Damage to a power station of a solar (photovoltaic) generation facility under construction with consequent Delay in Start Up.
Examples of his General Property experience include:
- Claims related to Fire, Flood, Theft, Civil/Product/Construction Liability affecting international hotel chains, utility companies, large scale commerce, banks, mines, art and valuables.
- Multimillion dollar claims related to damage to property following unprecedented flooding in Thailand 2011. (Construction, Automotive Industry and electronic equipment)
- Multimillion dollar claims for damage to property and Business Interruption as a result of disturbances and civil unrest in Cairo and Alexandria, Egypt during 2011. (Textile industry and largest commercial garment chain in the MENA region).
- Multimillion dollar claims arising out of the Chile earthquake in 2010. (Beverage industry, Paper production, Construction, Textile and large commercial facilities).
Roberto Quintana, Senior Partner QLDG. CPA, CFF, CFE.
Mr. Roberto Quintana is currently the Senior partner of the accounting firm of Quintana, López, Donoghue & González, LLP (QLDG) with offices in South Florida, San Juan Puerto Rico and Los Angeles, California.
A graduate of the University of South Florida, Mr. Quintana is a Certified Public Accountant (CPA), Certified in Financial Forensics (CFF) and a Certified Fraud Examiner (CFE) with fully bilingual skills in English and Spanish. He is Board Certified in the states of Puerto Rico and Florida. Member of the American Institute of Certified Public Accountants (AICPA), the Florida Institute of Certified Public Accountants (FICPA), the Association of Certified Fraud Examiners (CFE) and the Puerto Rico Society of Certified Public Accountants (PRCPA).
Since 1984 Mr. Quintana has provided professional forensic accounting services to insurers, adjusters and insurance industry professionals with specialized claims review services in many areas of Property, B&M, Casualty, and Marine insurance as well as litigation support services for insurers and law firms.
Areas of Particular Experience in claims review of High Value Business Interruption/Extra Expense, ALOP, Claims support for loss mitigation, Property Damage, Inventory/Stock Losses, Arson investigations/Financial Condition, Environmental Cleanups, Bonds – Construction and Employee / Directors & Officers fraud Claims, as well as Accounting Expert Witness/Litigation Support. Experienced in the following specialized industries: Manufacturing & Assembly, Hotels and Tourism, Electric Generation/Power, Retail and Wholesale, Electrical Distribution, Petrochemical Plants, Telecommunications, Construction, Textiles & Garments, Pharmaceuticals, Food Processing, Steel Mills, Hospitals, Wine & Spirits manufacturing, Paper Mills, Banking and other industries.
Extensive experience in accounting reviews in not only US Mainland individual claims but also for international markets in Latin America, Europe, Asia, Eastern Africa, Puerto Rico and the individual nation islands of the Caribbean and western hemisphere. Mr. Quintana and his team also has extensive experience in the handling of catastrophic claims caused by losses arising from natural disasters as well as large complex individual claims files.
Quintana, López, Donoghue & González is an independent accounting firm which provides relevant and accurate forensic analysis geared towards complex financial matters. QLDG specializes in forensic, claims accounting and litigation support services for insurance companies and legal professionals the world over. QLDG’s professionals also assist in dispute resolution engagements by performing forensic, accounting and analytical research and related presentation of expert testimony on damages and other commercial disputes. QLDG’s professionals are recognized as experts in accounting and determination of damages at the Permanent Court of Arbitration at The Hague and in tribunals in the United Kingdom, the United States, the Caribbean basin, Latin-America and Africa.