Business Interruption Insurance: Lessons Learned from the Pandemic

Karl Schwabauer has extensive experience providing forensic accounting, economic damage assessment and valuation services. He has testified dozens of times at trial, deposition, arbitration and as a court‐appointed expert for matters related to fraud or financial misrepresentation, accounting issues, breach of fiduciary duties, contract disputes, shareholder/partner disputes, insurance disputes, intellectual property disputes, and valuation and solvency issues.

As a CPA licensed in multiple states, Karl also assists clients with non-litigation valuation services for corporations, partnerships, individuals, estates and trusts. He earned the Certified Valuation Analyst (CVA) credential through the National Association of Certified Valuators and Analysts (NACVA) and also holds the Certified in Financial Forensics (CFF) designation through the AICPA.  Karl earned a Master of Business Administration from California State University – Dominguez Hills and a Bachelor of Science in accounting from the University of Louisiana at Lafayette.

John Pruitt guides insurance companies in every aspect of their business—from responding to regulatory inquiries to developing new companies or buying and selling existing ones. In more than 25 years of private practice, John has advised property and casualty and life insurance clients on regulatory compliance, acquisitions, dispositions and restructurings. He counsels clients with governance, licensing, financial and market conduct examination and Insurance Holding Company Act matters. He also drafts, advises and negotiates reinsurance contracts and insurance policies.

John represents his clients in internal investigations and regulatory enforcement actions, including matters such as broker compensation practices, finite risk reinsurance, rating practices and insurance sales and marketing practices. He is a recognized thought leader in insurance regulation and actively monitors emerging issues in U.S. domestic and international regulation of insurance.

As co-head of the Eversheds Sutherland Global Insurance group, John also leads the US team that covers property/casualty issues at the National Association of Insurance Commissioners (NAIC).

Ben Milam is an associate attorney on Bradley’s Policyholder Insurance Coverage Team.  Ben’s practice includes assisting clients with insurance needs, advising on matters of coverage, and helping policyholders resolve disputes with their insurer.  He has assisted on a variety of insurance matters, including issues pertaining to commercial general liability, property, title, directors and officers and entity liability, and errors and omissions coverage.