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Hiring a forensic accountant. A specific dollar threshold can sometimes dictate when a forensic accountant is used for a claim review. (Photo: Shutterstock)

Forensic accounting is often perceived as a well-known quantity in the realm of complex claims evaluation. And while not all insureds know what forensic accounting is, many insurers have guidelines in place that dictate when a forensic accountant is to be brought in on a claim. But as the supply chain expands and insurance products continue to evolve, so too do the areas where forensic accounting can assist both the insured and the insurer.

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