Forensic Accounting Articles


Recognition of Lost Production at a Gold Mine

With any loss measurement, we must understand how the incident impacted operations.  In mining losses, this is no different, we need to understand both mining and milling operations. So, when there is an incident at a mine, how does this impact production and where do we measure lost production?  Do we measure the loss based……

El Niño – Weather Phenomenon & Global Disruptor

What is “El Niño”? In normal conditions in the Pacific Ocean, the trade winds blow westerly along the equator, bringing warm water from around South America towards Asia. In a process known as “upwelling”, cold water from the depths of the particular body of water (thermocline) rises to replace this warm water. “El Niño” (“Little……

Renewable Energy Losses – Winds of Change

It is May 20, 1899.  New York City taxicab driver Jacob German is the recipient of the United States’ first-ever speeding ticket. He whizzed by at 12 miles per hour on Lexington Avenue and was then pursued and remanded by a patrol officer on a bicycle. Perhaps more surprising though, is that Mr. German was……

Business Interruption Considerations for Hotel Losses

Irrespective of the industry in which an Insured operates, the basic intent of business interruption (“BI”) coverage is to place the Insured back into the same position they would have been in had the insured peril not occurred. Those of us who are already familiar with hotel industry losses will already know that all of……

CAT Insights – The Increasing Risk and Frequency of Wildfires

Depending on where you are located, you are likely to experience some sort of “weather disaster season,” such as hurricane season, cyclone season, tornado season, earthquake season, or wildfire season. I live in California where we have earthquake season, which is year-round, and in the last 7 years, I have become increasingly familiar with wildfire……

Biomass (Co-Generation) Losses

Certain agricultural entities can generate energy from the organic matter derived from their production process. This type of co-generation of energy is referred to as biomass energy. These biomasses can be agricultural in nature, as in the case of sugarcane or corn production, or can correspond to pulp derived from paper mill entities. While there……