Biographies

Daniel Torpey

Daniel Torpey

Partner, Ernst & Young, LLP


Contact Info

Ernst & Young, LLP
2323 Victory Avenue
Dallas, TX 75219
Phone: (214) 969–8373

www.ey.com


Background

Dan Torpey writes Expert Commentary for the IRMI.com time element series and also provides articles on brand equity and product recall. His articles represent practical and topical ideas on how a risk manager or insurance professional can better understand the business interruption claims process and the challenges faced with such claims.

Mr. Torpey is a forensic accountant and certified public accountant. He assists companies with forensic accounting, compliance, and investigative matters involving financial reporting, management integrity, and other sensitive issues. Mr. Torpey has spent his career assisting companies dealing with crises, whether that be a financial crisis of a large-scale financial dispute, accounting investigation, or insurance recovery resulting from insurable events. He is one of a few experts who have acted as an expert for the spectrum of insurance entities, including insurers, brokers, adjusting firms, policyholders, and reinsurers. Mr. Torpey is a former auditor in the New York office of Ernst & Young, LLP (EY). He has reported his findings to boards of directors, auditor committees, local and state regulatory bodies, and the federal government.

He began his career investigating insurance claims for insurers. During his career at EY, Mr. Torpey has led three service solutions in the Americas, including investigations and compliance, discovery and data analytics, and insurance claims. He has testified as an expert or been a consulting expert on bad faith insurance claims, product liability, defective trade practices, prize and indemnity contracts, contract compliance, economic damages, business interruption, and other revenue and loss of income claims. Mr. Torpey has led multiple complex and high-profile engagements, including US Securities and Exchange Commission, Department of Justice, and UK Serious Fraud Office investigations.

A graduate of St. John's University, New York, Mr. Torpey is a member of the American Institute and the New York State Society of Certified Public Accountants, the Society of Insurance Trainers and Educators, and an associate member of the American Institute for Chartered Property and Casualty Underwriters (CPCU).

Mr. Torpey is the coauthor of The Business Interruption Book: Coverages, Claims, and Recovery. He speaks at various conferences on topics such as insurance claims, fraud investigations, compliance and ethics, and mentoring and leadership. He has been a speaker and facilitator at the Risk and Insurance Managers Society annual conference, CPCU Society, Association of Certified Fraud Examiners Annual Global Fraud Conference, US-ARIAS Conference, and other industry events, as well as being a guest speaker at Cornell University's Dyson School of Economics on the topic of "Virtue in Leadership."

Mr. Torpey serves on the US Olympic Weightlifting Board and also competes as a master's athlete in US Olympic weightlifting and US strongman sanctioned competitions.