Damages Expert - Serving Clients Nationwide fRom Greater Philadelpia
What we do
Economic Damages Analysis
Insurance-related Damages Analysis
Insurance-related Damages Analysis
Analyzing damages is a critical component of any litigation matter. Yet, articulating economic damages is more complex than simply adding numbers on a page. Proper damages analysis requires extensive understanding of the facts and circumstances of each individual matter. An economic damages expert armed with the facts can render approp
Analyzing damages is a critical component of any litigation matter. Yet, articulating economic damages is more complex than simply adding numbers on a page. Proper damages analysis requires extensive understanding of the facts and circumstances of each individual matter. An economic damages expert armed with the facts can render appropriate opinions while pinpointing any flaws in the opposing expert's opinions. Opposing economic damages experts may put forth opinions supported by hundreds of pages of schedules, yet, a single improper assumption can undermine the entire analysis.
Insurance-related Damages Analysis
Insurance-related Damages Analysis
Insurance-related Damages Analysis
Assessing damages in an insurance or reinsurance setting may require additional skills. An insurance damages expert who knows the landscape and nomenclature may be able to get to the right answer more efficiently while avoiding costly mistakes. Experience with underwriting, reinsurance, claims and insurance accounting issues can save ho
Assessing damages in an insurance or reinsurance setting may require additional skills. An insurance damages expert who knows the landscape and nomenclature may be able to get to the right answer more efficiently while avoiding costly mistakes. Experience with underwriting, reinsurance, claims and insurance accounting issues can save hours when getting up to speed on matters involving insurers, reinsurers, brokers, MGAs, MGUs and TPAs.
Forensic Investigation
Insurance-related Damages Analysis
Forensic Investigation
Seemingly routine forensic inspections can evolve into significant disputes overnight. By engaging us early, we can provide counsel with valuable feedback at every step in the process. The first step is for us to meet with counsel and come up with a plan to assess the financial records at issue. As our analysis progresses, we keep cou
Seemingly routine forensic inspections can evolve into significant disputes overnight. By engaging us early, we can provide counsel with valuable feedback at every step in the process. The first step is for us to meet with counsel and come up with a plan to assess the financial records at issue. As our analysis progresses, we keep counsel informed so that they can make recommendations to the client. Investigations are often fraught with surprises, but having confidence in the quality and timeliness of information can have a positive impact on the outcome.
Key Coleman, CPA, CFA - Executive Director and founder
Key Coleman serves as Executive Director and Founder of LEFCG. He assists his clients by bringing financial expertise into the realm of litigation and arbitration that helps clarify intricate pleadings and expert opinions. Key performs damages analysis, litigation support and serves as a damages expert witness.
Key began his career in industry, but later transitioned to a Big Four accounting firm where he rose to the level of partner in their dispute analysis and forensics division. He then held high level positions at other internationally recognized accounting and consulting firms prior to starting his own firm.
Contact Information
Key Coleman may be contacted by telephone at (215) 779-5452 or by e-mail at key.coleman@lefcg.com
Specialties
Key is an economic damages expert with numerous areas of expertise. His experience includes:
- Business breakups
- Business interruption
- Commercial disputes
- Contract disputes
- Economic wage loss
- Financial services
- Healthcare
- Insurance
- Intellectual property
- Lost profits
- Manufacturing
- Post-acquisition purchase price disputes
Insurance and Reinsurance
Key has an extensive background and expertise in damages analysis in the insurance and reinsurance industry, and is often selected as an insurance damages expert. He has knowledge and/or expertise in the following areas:
• Accounting analysis (Statutory and GAAP)
• Agencies and Brokers E&O
• Business Interruption
• Claims analysis
• Forensic Accounting and Insurance Investigations (including MGA and TPA inspections)
• Managing General Agencies (MGAs)
• Regulatory matters
• Reinsurance matters
• Run-off and Insolvency analysis
• Third Party Administrators (TPAs)
• Underwriting analysis
• Workers’ Compensation
Key has cross-functional skills in many of the areas where insurance disputes arise, including: underwriting, claims, reinsurance and accounting. In fact, he is one of the few experts nationwide who hold both the CPA and the CPCU designations.
By understanding the inner workings of insurance companies and their service providers (agents, brokers, MGAs, reinsurers and TPAs), Key is uniquely able to provide special insights to his clients.
Recent Matters
Recent engagements include:
- Agent/Broker dispute
- Business breakup in the investment industry
- Business interruption
- Contract dispute
- Life insurance disputes
- Lost wages analysis
- Manufacturing company dispute
- Insolvency analysis for a state insurance guaranty fund
- Intellectual property dispute
- Property & Casualty disputes
Trending Information
Covid-19 Pandemic - Court Closure and General Information
Covid-19 has led to an information overload, yet some valuable information is still difficult to find in a summary format. Listed below are links to timely information:
Federal Court Orders and Updates During COVID-19 Pandemic
California Courts
https://www.courts.ca.gov/43589.htm
New York Courts
Philadelphia Courts
Firm Interests
Our firm has an interest in how the threat of climate change is impacting insurance and risk management worldwide. Key has written articles and provided commentary to the media on this topic. His most recent articles were run in Asia Insurance Review in November 2019 and in AIRROC Matters in March 2020.