Alan Gray LLC has assisted insurance companies, attorneys, third party administrators and business owners in evaluating business losses for over 20 years. Whether the loss is the result of fraud, theft, misuse or a financial misstatement, organizations that find themselves in this situation need to act quickly and employ professionals skilled in evaluating claims within the framework of today’s complex insurance coverages. The Forensic Accounting Services practice provides effective solutions to complex business problems that result in improved client profitability and minimized submitted loss exposures.
A major international financial service company needed a forensic accounting review to quantify a misappropriation by a reinsurance broker. Over $100,000,000 in misappropriated funds was identified and Alan Gray LLC’s staff were instrumental in assembling the required support that led to a substantial recovery and prosecution.
A technology-based manufacturer in Rhode Island claimed an employee theft loss of $1,100,000.
The misappropriation was reconstructed and the claim settled for $600,000 totaling a savings to the insurance carrier of $500,000.
An apartment complex submitted a loss of rent claim of $280,000 due to hurricane Katrina. A thorough evaluation demonstrated that the loss was only $222,000. This resulted in a savings of 20% to the carrier.