Insurance Law Podcast Discusses Defenses Against Business Valuation Tactics

OLDWICK, N.J.--()--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.

Contacts

A.M. Best
John Czuba, +1 908-439-2200, ext. 5673
Managing Editor, Best’s Insurance Professionals and Claims Resource
john.czuba@ambest.com

Contacts

A.M. Best
John Czuba, +1 908-439-2200, ext. 5673
Managing Editor, Best’s Insurance Professionals and Claims Resource
john.czuba@ambest.com