Case Studies

Statutory & Forensic Accounting Consultation to Receivers & Liquidators

J.S. Held Releases Insights on Risks & Opportunities Expected to Impact Organizations in 2025

Read More close Created with Sketch.

Engaged by counsel for several different state insurance departments in their roles and receivers and/or liquidators of insolvent insurance companies to assist in assessment of whether financial statements were prepared in accordance with statutory accounting practices, analysis of the conduct of directors and officers, and evaluation of compliance by auditors with generally accepted auditing. Ocean Tomo, a part of J.S. Held, was engaged to investigate causes of insolvency, perform liability, causation and damages analyses related to directors, officers, accountants, actuaries and other consultants. Issues have included loss reserve adequacy, reinsurance recoverable and internal control deficiencies, among others. Work included review of workpapers, coordination and review of work of consulting actuaries and preparation of deposition outlines. Additional services included preparation of pro forma financial statements, deposition assistance and rebuttal of opposing experts. Expert testimony provided.

Our Experts