Hurricanes — Jewelry Retailer
A national specialty jewelry retailer operating multiple retail brands was struck by four major hurricanes, Irma, Maria, Florence and Michael, in back-to-back years.
The professionals of RT Forensic Accountants were engaged to prepare the property damage, business interruption and extra expense claims for each occurrence.
- Industry
- Specialty jewelry retail
- Peril
- Hurricanes Irma, Maria, Florence and Michael
- Coverage
- Property damage, business interruption and extra expense
- Scale
- Four separate occurrences, each involving multiple locations across multiple retail brands
The Loss
Each hurricane brought its own mix of physical damage, damaged or lost merchandise, store closures and extra expense, across stores operating under different brands.
The Process
We built a consistent, location-level approach for every occurrence, quantifying property damage, merchandise losses, lost sales and extra expense store by store, then rolling each location up into a claim for each occurrence.
The Results
Four separate claims were each prepared on a consistent basis, giving insurers a clear, supportable picture of every occurrence across every brand.