1st Party Insurance Recovery

The client.

A big three automobile company.

The business issue.

This client experienced an explosion at its facility – one of the largest industrial complexes in the world. The resulting claim involved complex coverage issues and difficult business interruption calculations based on a variety of factors that affected the loss-of-profits projections.

The solution.

The Claro Group played integral role in developing the company's claim strategy and, ultimately, assisting with negotiations that led to a successful resolution of the claim.

The results.

• Develop and present an integrated, compelling business case based on financial, legal, technical and risk management expertise.
• Achieve its desired financial and business result at a high level of efficiency and with minimal transaction cost relative to the amount of recovery.