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Appraisal, Umpiring, and Resolution of a Business Interruption Claim


Financial Forensics

 Appraisal, Umpiring, and Resolution of a Business Interruption Claim
CPE Credit

Program Type: Recorded Webinar (Audio, PPT Presentation)
Program Level: Update
Prerequisites: Participants need a background in the subject area and desire to keep current.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Accounting
Item Number: 13PFF0510
Shipping Weight: 0lbs. 0oz.
Price: $80.00
Program Description

Agreements between the insured and the insurance companies are not always able to be reached. Sometimes, those doing the calculations of the claims can get so lost in the details that they lose sight of the big picture or reach a total impasse. In those instances, one of the parties to the contract of insurance (i.e. either the insured or the insurer) can invoke the appraisal clause available within the policy.

The use of a third party to see both sides of the argument and reach a conclusion is then required. This webinar will debate the effective use of the appraisal clause in resolving business income disputes and educate the participants on how parties involved on the appraisal process might (or are required to) proceed to assist in resolving the business interruption (BI) dispute.

Learning Objectives

After completing this webinar, attendees will be able to:

- Understand what is meant by appraisal
- How the provisions of the appraisal clause within the BI policy is utilized and invoked
- Understand the operation of the appraisal process and why it is utilized
- Understand who can serve as an appraiser and umpire
- Utilize the appraisal process as an avenue to bring a BI claim to resolution

Who Should Attend

Valuation consultants, CPAs, Business Owners, Attorneys

Presenter(s)

Ed Eshoo
Mr. Ed Eshoo is a founding shareholder of Childress Duffy, Ltd., a law firm with extensive experience in helping insurance policyholders with their claims. Focusing his practice on insurance disputes, he has successfully coordinated the investigations of thousands of claims regarding insurance recovery and related litigation. He has negotiated, adjusted, and prosecuted insurance claims arising in numerous states.

By virtue of his background, he is sensitive to the myriad of issues that arise during the insurance claims process, issues which potentially bog down and stall the claims process. His vast experience includes national and international policyholder representation in risk management/disaster recovery and insurance coverage matters. He is a Certified Mediator and he has earned national recognition in insurance coverage and recovery of benefits from insurance companies.

Mike Gates
Mr. Mike Gates currently serves as President and Executive General Adjuster for Property Loss Services, Inc., dba PLS Claims, a regional independent adjusting company in Atlanta, Georgia. He has served as President of Southern Loss Association, a claims group for property adjusters, attorneys, and other insurance professionals interested in furthering education and communication in the loss adjustment field since 1957.

After receiving his Bachelor of Arts degree from Vanderbilt University in 1973, Mr. Gates began his claims career with The Continental Insurance Companies in Orlando, later transferring to Atlanta as a regional supervisor responsible for large losses and the property claims product in 23 offices in seven states. In 1983, Mr. Gates started in the independent adjusting business where he has worked for 30 years. In 1997, he established Property Loss Services which currently has branches in Georgia, North Carolina, Alabama and Florida. He is a member of the Atlanta Claims Association and the Atlanta Insurance Professionals.

Over the years, Mr. Gates, who has an AIC designation has taught IIA courses and other classes. He has addressed local claims and professional groups and both the Southeastern and Midwestern Claims Managers organizations on various topics including environmental claims. He has also been a presenter at the PLRB national and regional conferences on "Commercial Theft Claims,” “Period of Restoration,” and “Rejecting Proofs of Loss and Denial of Claims.” He was a member of a panel discussion group for Claims Litigation Management Alliance addressing the topic of appraisals under property policies.