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
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
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Copyright © 2018 by A.M. Best Company, Inc.
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SOURCE: A.M. Best
John Czuba, +1 908-439-2200,
Editor, Best’s Insurance Professionals and Claims Resource
Copyright Business Wire 2018