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    Michael Skweres

    Forensic Accountant, Business Interruption and Cyber Claims

    Professional Background

    Michael Skweres is a seasoned Senior Managing Director at Ankura, based in their Chicago office, where he plays a pivotal role in the leadership team of the Forensic Accounting & Claims Consulting division. With over 30 years of extensive experience, Michael brings a wealth of knowledge to managing diverse client engagements. His areas of expertise include complex business interruption claims, property damage assessments, cyber incident claims, product recalls, product liability, and fidelity claims for corporate policyholders. Michael has built an illustrious career focusing on the critical analysis of economic losses stemming from catastrophic events, aiding businesses of all sizes in various industries.

    Michael's career has been largely dedicated to guiding organizations through the intricate landscape of insurance claims management. His specific competencies extend to business interruption values assessments and litigation support regarding lost profits claims. His comprehensive understanding of the financial ramifications of unexpected crises enables him to provide valuable insights into the strategic preparation, submission, and settlement of claims for substantive losses.

    In his role at Ankura, Michael effectively coordinates efforts to ensure that clients receive the highest caliber of service during times of distress. He leverages his unique background, having provided loss accounting services to both insurers and policyholders, to navigate the complexities of large, intricate insurance claims and litigation processes. This dual perspective enhances his ability to advocate for his clients' interests.

    Education and Achievements

    Michael Skweres holds a Bachelor of Business Administration in Accounting from the esteemed Loyola University of Chicago. His educational foundation laid the groundwork for his exceptional career in forensic accounting and claims consulting. Combining his academic background with practical experience gained over three decades, Michael has developed a profound expertise in analyzing and resolving economic loss claims.

    Over the years, Michael has held significant positions that have contributed to his professional growth and recognition within the industry. Before his current role at Ankura, he served as a Managing Director at Navigant Consulting, where he honed his skills further until the firm was acquired by Ankura. His previous positions include serving as a Partner at Dempsey, Myers & Company and Manager at Matson, Driscoll & Damico LLP, where he developed his foundational expertise in insurance and claims consulting.

    Specialized Skills and Areas of Expertise

    Michael is well-versed in various specialized areas within the Forensic Accounting & Claims Consulting field. His specialties encompass:

    • Business Interruption Claims: Providing expert assistance in the evaluation and management of business interruptions.
    • Lost Profits Assessments: Accurately analyzing and quantifying lost profits resulting from business disruptions.
    • Extra Expense Claims: Guiding clients in documenting and claiming necessary expenses incurred because of interruptions.
    • Property Damage Assessments: Evaluating property loss and damage to maximize recovery under insurance policies.
    • Cyber Claims: Addressing the emerging complexities surrounding cyber incidents and their economic impacts.
    • Product Recall and Liability Claims: Assisting businesses in navigating product-related claims and liabilities.
    • Fidelity Claims: Supporting clients in claims arising from employee dishonesty or fraud.

    Michael's broad industry experience lends itself to a diverse clientele, encompassing sectors such as consumer goods, chemicals and petrochemicals, energy, food processing, healthcare, hospitality, government contracting, manufacturing, pharmaceuticals, retail, real estate, and warehousing.

    Michael’s unique career trajectory and his commitment to providing clarity and guidance during times of uncertainty make him a distinguished figure in the field of forensic accounting and claims consulting. His extensive expertise positions him as a trusted advisor for organizations navigating complex insurance claims and economic loss evaluations. Overall, Michael Skweres remains dedicated to helping clients mitigate risks and recover successfully from the financial impacts of challenging situations.

    Related Questions

    How did Michael Skweres develop his expertise in business interruption claims?
    What strategies does Michael Skweres use to assist clients with large, complex insurance claims?
    Can Michael Skweres share insights on the evolving landscape of cyber claims in the insurance industry?
    What inspired Michael Skweres to pursue a career in forensic accounting and claims consulting?
    How does Michael Skweres navigate the complexities of litigation support in different industries?
    What unique challenges has Michael Skweres encountered while managing client engagements in various sectors?
    Michael Skweres
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    Location

    Greater Chicago Area