Veritas Associates provide relevant and reliable findings and testimony. We are regularly retained by businesses, attorneys and insurance carriers to quantify, test and evaluate economic damages, and participate in damage measurement dispute resolution.
Veritas manages economic loss projects with teams of expert Certified Public Accountants, Certified Fraud Examiners, Doctors of Economics, professors, court-appointed Special Masters, and former CFO’s, the majority of whom have both state and federal court testifying experience.
Complex Economic Loss Valuation Issues – Our experience helps attorneys and businesses better see the path forward with their project or case. We can help anticipate what may or will likely occur in the coming weeks and months.
Economic Loss Scenarios – From business interruption, employee theft, intellectual property theft and product liability claims to personal injury and wrongful death suits Veritas provides relevant and reliable findings. Veritas has worked in many industries assisting businesses, insurance carriers, and attorneys with complex economic loss valuation.
Economic loss valuation often requires both economic research from qualified economists and forensic accounting from Certified Public Accountants. One of the key questions Veritas professionals help answer is, “What would have happened had the subject event not occurred?” We answer this question for whatever that event may be.
Clear communication regarding workplan, budgets, time parameters, project status, preliminary observations, interrogatories, requests for production and findings is critical. Effective communication is one area those with whom we work tell us we excel.
Veritas economists and accountants dug deep into financial records and independent economic research to connect an appropriate damage measurement with it cause and flesh out other independent economic factors that were unrelated to the subject event.
Following the magnitude 6.8 Nisqually earthquake that shook the Puget Sound region in 2001, we helped The Boeing Company measure economic damages sustained as a result of extensive flight simulator property damage and the interruption to normal flight simulator operations.
Following the 2004 and 2005 unparalleled hurricane seasons, we assisted national insurance carriers in measuring and settling more than 50 business interruption losses.