PROCOR POSTS
4 Steps To Managing Supply Chain Contingent Business Interruption Loss
By Morgan Machado, CPA, CFE - Assistant Vice President Forensic Account In today’s economy, businesses supply chains are more integrated and complex than ever before. The global nature of many supply chains makes them more vulnerable to economic, political, legal, and...
The Importance of Responding Quickly To Disaster
By Chris Mortifoglio, Senior Vice President and Director of Forensic Accounting As we are now in the middle of the 2021 hurricane season and are witnessing the impacts that Ida and other storms are causing, it is important to understand the need to act quickly in the...
Welcome Back To The Team: Dawn Sandomeno
Brooklyn, NY – April 26, 2021: Procor Solutions + Consulting, LLC, the leader in business resiliency services worldwide, announces today the rehire of Dawn Sandomeno as a Marketing and Operations Specialist. Ms. Sandomeno will cover Procor's national...
The Most Important Decision to Make in a First-Party Property and Business Interruption Appraisal
The Most Important Decision to Make in a First-Party Property and Business Interruption Appraisal by Arnie Mascali
Mitigating Fraud: Separation of Duties
Separation of duties is an internal control that reduces error and fraud by assigning responsibility to various individuals for company transactions and procedures. Ideally, the following tasks should be separated (though additional controls may be implemented...
Why Attorneys Need Forensic Accountants
Dear Attorneys – when facing matters with significant dollars at issue, we know you have your hands full. Whether it's dealing with court filings, attending a deposition, or preparing for trial, there is no shortage of work for you. That's where a forensic accountant...
Welcome to the team: George Lambrakopoulos, MBA
Brooklyn, NY – January 12, 2021: Procor Solutions + Consulting, LLC, the leader in business resiliency services around the globe, announces today the addition of George Lambrakopoulos as a Senior Analyst in its East Coast Region. George is an analyst with over 3...
Documenting An Inventory Theft At A Warehouse Or Distribution Center
Procor’s Juan Martinez walks readers through the basics of how warehouses and distribution centers should document theft loss. An average loss for an asset misappropriation in a warehousing/inventory department is $85,000; therefore, proper documentation is critical.
3 Ways Businesses Impacted By The August Complex Wildfires Can Evaluate Insurance Recovery Potential
As a new round of California wildfires force evacuations and cause power outages, Procor’s Co-Founder and Principal, Frank Russo shares his perspective about what actions businesses can take now that face loss or risk of loss in the impacted areas.
HOW THE HEALTHCARE INDUSTRY IS NAVIGATING EMERGENCY SPEND TO MEET DEMANDS OF COVID-19
Stethoscope medical and doctor analysis coronavirus or covid-19 data on laptop computer on laboratory background. As we continue to navigate the tumultuous waters of the COVID-19 “Coronavirus” Pandemic, Procor has reflected on current client engagements for public...
CLIENT RESOURCES
Business Interruption 101
Business Interruption (BI) claims can be complicated and are often misunderstood. In general, the purpose of Business Interruption coverage is to put the business in the same financial position it would have been in “but for” the event of a loss. Simply put, this...
Complimentary Procor Property Loss Mitigation Checklist
Complimentary Procor Property Loss Mitigation Checklist.
Construction Project Loss/Delay checklist when impacted by “Coronavirus” (COVID-19)
As contractors, owners/developers and subcontractors evaluate delays to construction projects related to Coronavirus ("COVID-19") shutdowns, it is important to take some simple but critical steps to adequately document, analyze and project such delays and incremental...
Tips for Risk Managers for Hurricane Response during a Pandemic
With two named storms in the Atlantic before the official start of Hurricane Season on June 1st, experts believe it will likely be a busy hurricane season. NOAA is predicting 13 – 19 named storms...
Quantifying Fraudulent Business Activities in the age of “Coronavirus” (COVID-19)
The Association of Certified Fraud Examiners estimates that organizations lose approximately 5% of revenue to fraudulent activities each year. This percentage should increase as all organizations manage through COVID-19. An estimated 20.5...
“Coronavirus” (COVID-19) Return to Work Tips
As there is a gradual shift to lift mandatory shutdowns and restrictions, businesses are being allowed to reopen with new sets of guidelines and restrictions. While the specific rules will vary by county and state, we have prepared some general tips on...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Gaming Industry
Download our Gaming Claim Preparation Checklist by clicking here and visiting our Resource Directory All businesses and organizations - large or small – facing business Interruption and other financial impact from Conronavirus need to calculate and document their...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Real Estate Industry
Download our Real Estate Claim Preparation Checklist by clicking here and visiting our Resource Directory Businesses across the world are continuing to estimate the financial impacts and business interruption caused by “Coronavirus” (COVID-19). As this...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Energy Industry
Download our Energy Claim Preparation Checklist by clicking here and visiting our Resource Directory COVID-19 has hit all industries hard, causing impacts, delays and financial losses on an unprecedented scale. The Energy Industry, in every one of it's sub-sectors, is...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Hospitality Industry
Download our Hospitality Claim Preparation Checklist and Hospitality Loss Quantification Worksheet by clicking here and visiting our Resource Directory All businesses and organizations - large or small – facing business Interruption and other financial impact from...
NEWS / MEDIA
Joseph Mascali, Procor VP, to Present URMIA: Higher Education Takeaways from the Pandemic Insurance Wars
Wednesday, June 30, 2-3 pm ET Joseph Mascali, Vice President and West Coast Team Leader, will be presenting Higher Education Takeaways from the Pandemic Insurance Wars to URMIA members on June 30, 2021. Joseph Mascali, Vice President Risk Management, West Coast Leader...
Chris Mortifoglio Brings Clarity To Cyber Business Interruption
The Insurance Journal recently published an article titled 5 Ways Cyber Business Interruption Differs from Traditional Business Interruption: RIMS. The article is sourced from a Thought Leader Theater presentation Chris Mortifoglio, Senior Vice President and...
Arnie Mascali Featured in Insurance Journal Magazine
Arnie Mascali Featured in Insurance Journal Magazine
Procor’s, Joseph Mascali, and OSU’s Christina McKnight, Named Featured Speakers at URMIA 2021 Virtual Spring Conference
Procor Vice President of Risk Management, and West Coast Leader, Joseph Mascali, and Christina McKnight, Director, Insurance and Risk Management Services, Oregon State University, will be featured speakers at the URMIA Virtual Spring Conference this month. The topic...
Procor Team to Join Interview at the COVID-19 Insurance Litigation Virtual Summit: Clarity into Claim Preparation and Best Practices
Session Interview: Clarity into Claim Preparation and Best Practices Beyond the issues of insurance coverage, there may also be disputes over the quantum of business interruption losses. This panel will feature experts in claim preparation interviewing each other...
Procor’s Frank Russo will be a panelist tomorrow 6/17 on a live webinar entitled “Business Interruption Coverage Under COVID-19”
National Association of Surety Bond Producers Professionals in Surety Bonding Founded in 1942, NASBP is the association of and resource for surety bond producers and allied professionals. NASBP producers specialize in providing surety bonds for construction contracts...
Arnie Mascali interviewed by A.M. Best’s Review about the rising severity and intensity of natural catastrophes
The rising severity and intensity of natural catastrophes, amplified by climate change, in California, Florida and Texas have brought about some insurance, regulatory and building code changes in those states. A.M. Best’s Review (UMV: 50,151) has published the piece...
Frank Russo joins CFMA Webinar: Managing the Financial and Business Risks of Reopening Job-sites and Shut-downs
04.14.20-CFMA-Webinar-SeriesDownload Find additional supporting information by clicking here and visiting our Procor Solutions Resource Directory Please be advised that any and all information, comments, analysis, and/or recommendations set forth above relative...
Frank Russo joins panel: Everything Risk Managers & Insurers Need to Know About Business Interruption Under COVID-19
Click the link below to register now https://www.perrinconferences.com/webinars/everything-risk-managers-and-insurers-need-to-know-about-business-interruption-under-covid-19/ https://attendee.gotowebinar.com/recording/958654698962787595 Find additional supporting...
Frank Russo interviewed by the U.S. Chamber of Commerce in the CO article: 3 Expert Strategies for Curbing Coronavirus-Related Business Losses
“Sound financial supporting documentation and memorializing and updating the story of your interruption is key,” said Russo. For help with these tasks and expert guidance, “it’s also important to reach out to experts who deal with business interruption events,...
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