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Certified Public Accountants
(805) 306-7890
www.arxisfinancial.com

Litigation Consulting

Update

Forensic Accounting - Fraud - Business Valuation

 


September 2008

This month's features:

"The Role of the Forensic Accountant in
Insurance Claims/Bad Faith"

By Chris Hamilton, CPA, CFE, CVA

Insurance companies often use the unique circumstances of a disaster to reduce or eliminate their financial responsibility to the policyholder. Often, they are in a position where if the policyholder cannot prove a loss they will not pay.  Too many victims of a disaster throw up their hands and give up.  An experienced forensic accountant can be critical to resolving the matter.  The expert must understand insurance contracts, have a solid background in forensics (developing reasonable conclusions without all the supporting evidence) and be a clear, articulate, and convincing advocate of their opinions. (click here for complete article)

Practice Profile:
Litigation Consulting Services: Insurance Claims/Bad Faith

As part of Arxis Financial’s “Litigation Consulting” practice, we regularly work with attorneys on insurance claims/bad faith matters. Although insurance companies owe a duty of good faith in dealing with the persons they insure, violation of that obligation occurs in commercial policies that can involve huge sums of money. Examples of bad faith include undue delay in handling claims, inadequate investigation, refusal to defend a lawsuit, threats against an insured, refusing to make a reasonable settlement offer, or making unreasonable interpretations of an insurance policy. 

Arxis Financial provides objective and independent evaluation of the economic and financial issues involved in insurance claims/bad faith litigation.   We work with litigators through the evaluation of opposing party’s claims, assistance in preparation of deposition and cross-examination questions, document request lists, other discovery assistance, analysis and calculation of damages, preparation of trial exhibits, and expert witness testimony.  Clients are pleased with Arxis Financial’s abilities to clearly, persuasively, and accurately present economic and financial arguments.

The Litigation Consulting practice is headed by partner Chris L. Hamilton, CPA, CFE, CVA, DABFA. Mr. Hamilton is a Certified Public Accountant, Certified Fraud Examiner, Certified Valuation Analyst, and a Diplomate with the American Board of Forensic Accounting. He is a licensed life and disability insurance agent and a General Securities Representative. Mr. Hamilton has published articles in several publications, and has made presentations at national conferences, training institutes and seminars on topics including forenisc accounting, fraud and business appraisal.

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Copyright 2008 Arxis Financial. Articles may not be reprinted without permission.




Chris Hamilton Photo
Chris Hamilton, CPA CFE, CVA, DABFA
chamilton@arxisgroup.com
(805) 306-7890
www.arxisfinancial.com
Chris Hamilton Photo
Litigation Consulting
Forensic Accounting - Fraud - Business Valuation
 

Clients know us for results. Opposing counsel know Arxis for wishing they had hired us.