BI

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  Accounting for Business Income Loss

  By Bruce D. Smith, CPA, CFF, CFE  |  February 13, 2012

  All parties involved in a BI loss claim, adjusters especially, must have a basic understanding of financial accounting concepts to ensure the policyholder is properly indemnified for his or her loss.

• A Forensic Accountant’s View of Business Interruption

  By Bruce D. Smith  |  December 20, 2011

  Many claims professionals do not have the time or specific knowledge to properly and expeditiously evaluate a BI claim, especially in a chaotic catastrophic environment. Forensic accountants to the rescue!

• State's Bad-Faith Reforms Have Reduced Auto Liability Costs By $200M

  By Staff Writer  |  October 11, 2011

  Based on BI claim frequency and severity loss trends, IRC finds that S.B. 418 has drastically reduced auto liability costs since enactment in 2005.