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.