News

By Scott E. Bushnell, CPA 

Introduction

In the aftermath of Hurricane Harvey, the Texas Gulf Coast suffered an estimated $1.25 billion of damage. Much of the damage to businesses was subject to insurance coverage under hurricane coverage, which most Gulf Coast businesses purchase as part of their commercial insurance policies. Hurricane cover usually is adequate for most of the damage sustained in storms such as Hurricane Harvey. However, even though this cover is in place, it may not guarantee that the claim will be adequately adjusted and cover all the losses incurred by the policyholder.

By Scott E. Bushnell, CPA

Resources Magazine / The National Alliance - October 2018

Maintaining client relationships is critical for insurance brokers and agencies, especially given the fact that developing new commercial clients involves a significant time investment to understand the client’s business and risks and to implement solutions for risk transfer. Once insurance coverage is in place and policies are issued, the focus of the agency switches to servicing the account. The agency is happy. The client is happy. But what happens when your client experiences a significant property loss?

By Scott E. Bushnell, CPA

Rough Notes Magazine / February 2012  

One of the most challenging aspects of commercial property and casualty insurance is preparing claims when disaster strikes. Most P-C policies contain straightforward property damage coverage language. Generally, property damage claims are simple in nature, and risk managers often handle many of these claims in-house with some support from their accounting department. However, business interruption (BI) claims often pose a daunting task to risk managers and accounting personnel alike.

by Scott E. Bushnell, CPA, CFF

The National Alliance of Insurance Education & Research / Spring 2012

In today’s business climate more focus is placed on lean operations. This trend is becoming increasingly more commonplace as corporations are divesting of business lines and re­turning to core competencies. As de­centralization continues to grow and corporations are relying on supply and sales agreements with non-relat­ed parties, the impact of a supplier or customer’s loss on a business’ operations increases substantially.