Fidelity Claims


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
For trusted assistance with the quantification of fidelity losses, hire MDD.
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Experience
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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
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Fraud Fighting 101
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Waste to Energy
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Ghosts, Ghouls and Cyber Claims
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An Introduction to Natural Gas: Separation, LNG and GTL Plants
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Imbalance of Gas Supply
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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...