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ABOUT
Fidelity Claims
Quantifying losses related to fidelity claims can occur in instances of theft, collusion, defalcation or when a perpetrator has manipulated accounting records.
As one of the leading forensic accounting firms, MDD has worked with organizations around the world and we are experts at recognizing when even the best controls have been circumvented.
SERVICES
Our forensic accounting professionals are skilled at determining the extent of the loss and providing expert reports that may be used for loss assessment and helping the affected parties pursue restitution.
Our forensic accounting team can provide the following types of services for issues related to fidelity claims:
- Examining and verifying transactions to distinguish legitimate ones from those that are unsupported or even fraudulent
- Tracing the flow of funds to quantify the extent of the loss
- Conducting and documenting interviews with employees, key individuals and potential suspects
- Determining the weaknesses in internal controls that led to the loss
- Separating fraudulent transactions that may result in insured losses from those sustained by third parties
- Integrating the financial aspects of the claim with the facts and coverage issues
- Working cooperatively with authorities investigating matter
- Assisting the claims department and legal counsel throughout the claims process
- Aiding in subrogation actions
- Preparing reports for use in civil and/or criminal proceedings
- Expert and consulting witness testimony
Experience
Experience
Contact one of our experts below or filter experience based on region.
ARTICLES
RELEVANT ARTICLES
Our experts are extremely knowledgeable about thier subject areas and often write educational material and commentary on topical issues they come across.
Benefits of Hindsight when Quantifying Financial Losses
Claims for economic losses arising out of failed real estate developments can be complex to prove, requiring evidence concerning many different aspects of the proposed construction project. There can also be different approaches to quantifying losses. Both of these issues...
Fraud Fighting 101
While I consider myself a pacifist, as a forensic accountant, I have been occasionally referred to as a fraud “fighter”. So, in the spirit of International Fraud Awareness Week (November 13 to 19, 2022), I would like to share some...
Waste to Energy
What is Waste to Energy? Waste to energy refers to the process of converting municipal solid waste (MSW), otherwise known as trash, into usable heat, electricity, or fuel. The three main MSW categories include: Biomass or biogenic (plant or animal...
Ghosts, Ghouls and Cyber Claims
We usually think of Hallowe’en when October rolls around; however, did you know that October is also cyber security awareness month? NetDiligence recently released the 12th iteration of their Cyber Claims Study. They analyzed approximately 7,500 cyber claims from period...
An Introduction to Natural Gas: Separation, LNG and GTL Plants
Our first technical briefing introduced the Oil & Gas value chain, divided into: i) upstream; ii) midstream; and iii) downstream. Here is a recap, before we explore natural gas in more detail. Upstream: this involves the exploration and extraction of...
Imbalance of Gas Supply
The sanctions imposed on Russia amid the Russia-Ukraine conflict have impacted global gas markets, particularly those in Europe. Russia is the second largest producer of natural gas globally and used to supply about 40% of Europe's natural gas. However, supplies...
The Broader Impact of CAT Events
While every catastrophe (“CAT event”) leaves a wake of destruction in its path, there are times when the financial impact is more widespread than the physical damage would indicate. Consider the following examples: Pandemic – 2020 The impact of COVID-19...
What to Do When Disaster Strikes & You Can’t Access Financial Documents
Swiss Re’s website sigma-explorer.com noted insured losses for 170 natural catastrophes and 105 man-made disasters in 2021 alone.[i] While almost all of these events resulted in property damage and loss of earnings for the affected businesses, some of those entities...
The ABCs of Cryptocurrency and Non-Fungible Tokens (“NFTs”)
Bitcoin. Ethereum. Litecoin. Dogecoin. NFTs. While they may seem like buzzwords or fads, cryptocurrencies or digital assets are experiencing a similar adoption pattern to the internet in the 1990s. In 1995, 14% of U.S. adults had internet access; by 2000,...
Mining BI Insurance: Remediation and Rehabilitation
All mines, no matter how vast or intricate, are ultimately temporary and will one day be depleted. When all valuable materials are extracted, or at least those that are cost-effective, mining operations will cease, and the mine will be decommissioned....
Calculating the Effects of a Natural Disaster
The Allianz Risk Barometer 2022 reported that natural catastrophes are now the third-highest global business risk, while climate change has moved into the sixth position. These rankings represent 25% and 17% increases from last year.[i] Furthermore, the increasing complexity of...
