OLDWICK, N.J., Jan 24, 2018 (BUSINESS WIRE) —
A.M. Best and Best’s Insurance Professionals and Claims
Resource have released the latest installment of the Insurance Law
Podcast, a series that examines timely insurance and claims issues from
a legal point of view.
This episode discusses how to defend against expert business valuation
testimony. The expert’s qualifications should first be examined to
confirm that he or she has a business valuation certification and the
appropriate skill set and experience. Next, the expert’s methodology
should be evaluated, which includes several factors: Calculations need
to be in accordance with the conditions of the policy or contract; the
analysis must be based on facts rather than assumptions; facts and
documentation presented in discovery should all be considered;
appropriate professional standards need to be met; and the methodology
should be consistent with the expert’s prior cases. A party may also
apply the Daubert standard, which is a rule of evidence regarding the
admissibility of expert witnesses’ testimony.
The podcast features Derek Royster and Matthew Curtis from RGL
Forensics, a financial investigation company specializing in the
economic analysis of major claims for the insurance industry. Mr.
Royster is a partner and certified public accountant (CPA), who works
with insurance companies and law firms to quantify economic damages and
provide litigation support. Mr. Curtis is a senior manager, who is both
a chartered financial analyst shareholder and a CPA. He provides
analysis for mergers and acquisitions, corporate strategy and commercial
disputes.
RGL
Forensics is a qualified member of Best’s Recommended Expert
Service Providers, a claims industry resource that has featured
qualified legal counsel, independent insurance adjusting services and
expert service providers since 1929.
Listen or subscribe to the Insurance
Law Podcast.
A.M. Best is the world’s oldest and most authoritative insurance
rating and information source. For more information, visit
www.ambest.com.
Copyright © 2018 by A.M. Best Company, Inc.
ALL RIGHTS
RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180124006145/en/
SOURCE: A.M. Best
A.M. Best
John Czuba, +1 908-439-2200,
ext. 5673
Managing
Editor, Best’s Insurance Professionals and Claims Resource
john.czuba@ambest.com
Copyright Business Wire 2018