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2017 Educational Sessions

Business Income Claims: Resolving Problems

Session Code:  1165    Session Level:  Intermediate

Curriculum: Commercial Time Element Losses

Monday 10:30 - 12:00 -- Room 207
Tuesday 8:00 - 9:30 -- Room 207

Robert C. Burrell, CPCU, JD,  Attorney
Borgelt Powell Peterson et al, Milwaukee, WI

Curtis J. Reynolds, CPA,  Partner
Insight Forensic Accountants, New Berlin, WI

Scott Wittliff, Property Specialist
ACUITY A Mutual Insurance Co., Sheboygan, WI

  • Describe steps an insurer should take in the initial claim handling process, including contact with insured, coverage evaluation, reservation of rights, requesting documents
  • Identify specific business income/extra expense–related documents to be requested from the insured at each step of the claim process
  • Evaluate proper claim handling for several challenging claim scenarios
  • Outline the role of each of the participants in the business income/extra expense claim handling process--adjuster, accountant, attorney, etc.

Contingent Business Interruption Losses: Top Priorities

Session Code:  1125    Session Level:  Intermediate

Curriculum: Commercial Time Element Losses

Monday 1:30 - 3:00 -- Room 207
Tuesday 3:30 - 5:00 -- Room 203

Patrick Gorman, JD,  Attorney
Jones, Skelton & Hochuli, PLC, Phoenix, AZ

Michael Haugen, CPA, CFE,  Dir.-Financial Forensics/Lit.
Epps Forensic Consulting PLLC, Scottsdale, AZ

Dennis Osvog, General Adjuster
Frontier Adjusters, Inc., Prescott Valley, AZ

  • Describe the intent of contingent business interruption loss coverage
  • Assess contingent business interruption loss coverage triggers and complexities
  • Prioritize actions when adjusting contingent business interruption losses
  • Explain how contingent business interruption losses are calculated
    ** Describe the “why” behind a request for key records and information relevant to measuring contingent time element losses

Extra Expense: Past, Present & Future

Session Code:  1115    Session Level:  Intermediate

Curriculum: Commercial Time Element Losses

Monday 3:30 - 5:00 -- Room 200
Wednesday 10:30 - 12:00 -- Room 207

Louis Magnan, Managing Partner
Magnan Graizzaro & Associates, New York, NY

Anthony R. Scariano, Sr. Executive General Adjuster
VeriClaim, Inc., New York, NY

  • Describe coverage and adjustment distinctions between pure extra expense and expenses to reduce the loss
  • Review appropriate adjustment responses for extra expense claims in various types of businesses
  • Accurately measure extra expense exposure of complex loss scenarios

Mitigation of Time Element Losses

Session Code:  1135    Session Level:  Intermediate

Curriculum: Commercial Time Element Losses

Tuesday 10:30 - 12:00 -- Room 104
Wednesday 1:30 - 3:00 -- Room 207

James Chin, JD,  Attorney
Carlton Fields, Atlanta, GA

Glenn Ricciardelli, CPA,  Partner
Matson Driscoll & Damico, LLP, Boston, MA

Joe Slane, Executive Vice President, SLG
Engle Martin & Associates, King of Prussia, PA

  • Identify mitigation strategies under various claim scenarios from the perspective of the policyholder and insurance carrier
  • Describe how business income and extra expense coverage responds to potential loss mitigation activity, the differences between pure extra expense and expense to reduce loss, and any potential limitations in recovery under the coverages that may be in force
  • Evaluate potential coverage limitations under various loss scenarios, pertinent case law, and potential legal precedents