| Hey? Where's my stuff? |
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Late one Friday evening, a once thriving national company abruptly closed its doors and filed for bankruptcy protection. Shortly after closing, the company issued over 60 claims (totaling over $1,500,000) to their insurance company for equipment that had been reported stolen from over 20 locations across the US. The insurance company's attorney spoke with representatives of the company to retrieve crucial inventory documents, but due to the bankruptcy, the company had no budget to search for and retrieve the needed information. After realizing the scope of the task ahead of them, the insurance and their attorney retained the services of KP Assurance SIU to assist. After developing an investigative plan of action that was agreed upon by all parties involved, investigators were able to locate and obtain statements and information from former managers, executive assistants, and other employees. During the course of the investigation a significant amount of missing equipment was located and documented. Attorneys for the insurance company were able to convincingly argue that the terms of the policy were not met and almost 25% of the items had been located and were not actually stolen. The case settled for less than 10% of the initial claim.
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