A Fortune 500 company suffered a large loss due to an extensive fire at one of its production facilities. Sequence Inc. was retained to assist with the recovery of insurance benefits. Our role was to quantify the damages, ensuring the proper inclusion of fixed assets and no duplication of claim items. We assisted with the evaluation of replacement fixed assets, managing a high volume of financial documents received from multiple field offices of the insured.
Damages were initially estimated at $50 million, but an analysis of the property loss, out-of-pocket expenses, and business interruption losses revealed a much greater loss. The financial analysis was completed quickly, allowing the matter to be settled in one year, with the insured recovering more than $200 million from the insurance carriers.