With over twenty years of experience, we know how to answer the question, "How Much?".

Our experts are members of the National Association of Certified Valuation Analysts (NACVA), and have acquired the knowledge and ability to establish the worth of insurance damage claims by applying the proper valuation method.

 

Andrew Runge, CPA/ABV, CFF, CFE, CVA, MBA

Director of Insurance Claims Services

Insurance Services CV

Litigation Support CV (Rule26A)

 

Andrew has over 19 years of experience in insurance services, forensic accounting / investigation, insurance claims damages, economic damages and business valuations. He has consulted on hundreds of economic damage, lost income, bodily injury, wrongful death, employee dishonesty, construction claims and other insurance claims exceeding $200 million in the United States and abroad. Andrew has prepared numerous business valuations of privately held companies as a whole and as partial interests. He has also provided forensic accounting, fraud investigation and litigation support services including assistance in case analysis, valuation analysis, preparation for trial and expert witness testimony. He has experience with construction, insurance, manufacturing, computer, biotechnology, medical, hotel and hospitality, farming and animal husbandry, retail, mining and other industries.

 

• Extensive experience in management, financial accounting; fraud and forensic accounting; business valuation; mergers and acquisitions; and estate and retirement planning.
• Extensive experience in civil and criminal fraud investigations, contract and business disputes, computations of damages, and complex litigation.
• Extensive industry experience in construction, insurance, agribusiness, manufacturing, health care and service industries.
• Designated expert in business matters, including fraud and embezzlement, accounting, damages, business interruption, business valuation, intellectual property, insurance fraud and damages and related issues.

 

Andrew has provided consulting assistance to insurance companies and policy holders for more than 15 years. During that time he worked on more than 1000 insurance claims with claimed losses in the hundreds of millions of dollars. Mr. Runge is a Certified Fraud Examiner. He has experience in a wide variety of industries and claim areas. He has been designated as an expert in numerous cases and has provided expert testimony related to insurance matters in depositions, binding arbitrations, insurance appraisals and in court appearances.

 

A sampling of the types of claims Andrew has consulted on include:

 

More than 25	–	Personal Service Firms such as Accounting, Law and Engineering Claims
More than 20	–	Course of Construction Claims
More than 500	–	Business Interruption Claims
More than 25	–	Employee Dishonesty / Fidelity Claims
More than 15	–	Jewelry Claims
More than 100	–	Restaurant Claims
More than 100	–	Retail Claims
More than 25	–	Manufacturing Claims
More than 200	–	Extra Expense Claims
More than 50	–	Coinsurance Calculations
More than 20	–	Farming / Agribusiness/Food Processing Claims
More than 25	–	Loss of Rents Claims
More than 25	–	Computer/Data Claims
More than 25	–	High Tech / Biotechnology Claims

 

Selected Recent Presentations:

 

• “Preliminary Understanding of Business Valuation Methodology and Terminology” - Howard County Neo-Tech Incubator – Columbia, Maryland, 2003
• “Evaluating Commercial Insurance and Risk” - Worldwide Partners Annual Meeting, Boston, MA , May 2004
• “Forensic Accounting in the Real World” – Guest Lecture - Villa Julie Forensic Studies Graduate Program Baltimore, Maryland, 2004
• “Forensic Accounting Issues “ Maryland Association of Certified Public Accountants – Cambridge, MD – May 2005
• “Forensic Accounting Issues “ Maryland Association of Certified Public Accountants – Frederick, MD – May 2005
• “Selling Your Personal Financial Planning Business” – Maryland Association of Certified Public Accountants, Towson, Maryland - June 2005
• “Forensic Accounting Issues “ Maryland Association of Certified Public Accountants – Gambrills, MD – July 2005
• “Forensic Accounting Issues “ Maryland Association of Certified Public Accountants – Oakland, MD – September 2005
• Lorman Education Services, Business Valuations, August 28, 2007
• Maryland Defense Counsel – Issues in Electronic Evidence September 2007
• Medchi - Newsletter – Fraud Awareness in a Doctor’s Office February 2008

 

For more information about our services, contact us at (800) 772-1065.