Background
Daniel Torpey was an Expert Commentator 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. The series is designed to be used as a reference source for
the IRMI.com reader.
Mr. Torpey is a claims professional with more than 16 years experience in
complex insurance claims. He is a partner at Ernst & Young, LLP. His
practice specializes in helping clients prepare, present, and negotiate major
property damage, business interruption, produce recall, fidelity, e-commerce,
and other complex insurance claims.
A Certified Public Accountant, Mr. Torpey has extensive audit, tax, and
insurance claims consulting experience. He is an instructor for business
interruption accounting courses for accountants, risk managers, brokers, and
litigation specialists. He has been deposed as an expert witness in state and
federal proceedings and has provided expert witness testimony at trial.
Before joining Ernst & Young, Mr. Torpey was a founding partner of a
national insurance consulting practice in major U.S. cities. Mr. Torpey has
also audited claims with a CPA firm that works for insurance companies, thereby
gaining insight into the methods and procedures used to evaluate such
submissions. His extensive claims experience in the United States, the
Caribbean, South America, and Europe includes calculating business interruption
losses in accordance with many U.S. and foreign policy forms. His claims
experience spreads across many industries, including manufacturing,
petrochemical, oil and gas, distribution, steel, utilities, consumer products,
retail, transportation, and hospitality.
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.
Mr. Torpey has been a speaker and facilitator at the Risk and Insurance
Managers Society (RIMS) annual conference and at CPCU Society and Contingency
Planning conferences. His topics presented include: Practical Solutions to
Settling Business Interruption and Property Claims, Contingent Business
Interruption Claims, Negotiating Insurance Claims, How Does Arbitration Work?,
and Getting The Most From Your Loss. He has also instructed Continuing Legal
Education for attorneys on Using Financial Experts in Handling Claims. He has
been quoted or interviewed by Business Insurance, CLAIM Magazine, Best's
Review: Property and Casualty, CFO Magazine and newspapers. Finally, Mr. Torpey
is the author of After a Recall: Preparing an Insurance Claim and other thought
leadership publications in complex insurance claims.