Measuring Business Interruption Losses and Other Commercial Damages - Hardcover

Über die Autorin bzw. den Autor

PATRICK A. GAUGHAN, PhD, is President of Economatrix Research Associates, Inc., and Professor of Economics and Finance at Fairleigh Dickinson University.

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The definitive guide to success in business interruption litigation

Whether they result from a business interruption or other corporate events, commercial damages are often difficult to measure.

The process can be complicated, with millions of dollars at stake for claimants and/or plaintiffs, as well as insurance companies and defendants?all of whom must rely on accurate calculations of losses that will hold up in negotiation or litigation.

A must for accountants, insurance adjusters and other insurance professionals, attorneys, and economists, Measuring Business Interruption Losses and Other Commercial Damages helps you navigate the complexities of this interdisciplinary field. Here, you?ll find overviews of research and practices in subfields of economics, giving you points of reference that you can use in working with a team of professionals. The book also applies a much-needed, cohesive framework to the study of forensic economics: the first half of the book reviews damages resulting from the interruption of a business?s operations; subsequent chapters then discuss related types of commercial damages.

Measuring Business Interruption Losses and Other Commercial Damages is your blueprint for expertly analyzing business interruption losses?and, ultimately, success in your practice.

Aus dem Klappentext

The past few decades have seen the dramatic growth of litigation economics. It is now a multidisciplinary field practiced by accountants, insurance adjusters, other insurance professionals, attorneys, and economists. Despite the field?s expansion, there has been no single reference that offers these professionals a comprehensive, methodological framework for how to analyze business interruption losses?until now.

Clearly written, nontechnical in tone, and broad in scope, Measuring Business Interruption Losses and Other Commercial Damages applies a standardized framework to a vast and complex field. The book?s self-contained chapters provide a solid introduction to specialized topics that will prove indispensable when there?s a need to partner with other practitioners. This approach enables attorneys, for example, to work with economists and accountants, and, if necessary, challenge their findings; attorneys will also learn how damages should be measured, helping them form nonspeculative opinions. Similarly, the book?s presentation will also allow accountants to become conversant enough in economic topics to perform economic analyses on their own, or work efficiently as a team with economists.

Measuring Business Interruption Losses and Other Commercial Damages begins with an informative survey of the commercial damages analysis field, covering such relevant topics as how to find an expert on economic damages as well as legal damage principles. It then delivers up-to-date insights on macroeconomic analysis for measuring commercial damages, conducting an industry analysis, projecting lost profits, discounting and the time value of money, business valuation, intellectual property?related damages, securities damages, antitrust concerns, punitive damages, and more.

Whether you want to build your own practice in the analysis of economic damages or simply learn how to optimize your partnership with its various litigation support practitioners, you can turn to Measuring Business Interruption Losses and Other Commercial Damages, a major contribution to the literature of this emerging, multifaceted field.