Audit, Accounting & Risk Management Services
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 business interruption, fraud, theft, weather, fire, 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 Insurance 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. We identified over $100,000,000 in potentially misappropriated funds 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 we reconstructed settled for $600,000 totaling savings to the insurance carrier of $500,000.