Expert Witness Blog

In Avoiding the $475,000 Mistake – Entering the Credit Bid attorney John L. Hosack, Buchalter Nemer, and mortgages expert witness Joffrey Long write:

Full Credit Bids – The Problem:

If $575,000 is the total of your principal and accrued interest, late charges and other fees and costs, and the property reverts to you as beneficiary after you credit bid that amount, you’re deemed to have been “paid in full.” Having just acquired a $500,000 house in exchange for a $575,000 debt, you (and especially your investors) won’t want to consider this arrangement as “payment in full.”

Insurance fraud expert witnesses may testify on insurance claims, insurance regulations, and associated matters. On their website, the Coalition Against Insurance Fraud writes Why Is Fraud So Big?:

Low Legal Priority. Prosecutors often give top priority to combating drugs, violence and other high-profile crimes. Though prosecutors are tackling more fraud cases than in the early 1990s, too many prosecutors still believe insurance crimes often are too complex and technical to successfully prosecute.

People Tolerate Fraud. Too many consumers believe insurance fraud is justified. This environment of tolerance makes it much easier for con artists to operate safely. Research by the Coalition Against Insurance Fraud reveals:

Marketing expert witness Don E. Smith, President, American Consulting Group, LLC, writes on THE LIMITATIONS OF USING SALES QUOTAS AS THE PRIMARY MEASURE OF PERFORMANCE

Market. Most difficult measure to define but information has major value. Compare to national average or similar distributors. Keep it simple. Page 3, table 4, Market and Share Index. Examples of how estimate market share.

1. Distributor market = (Market potential in total US) x (% of industrial buying power in distributor territory).

Professional liability insurance expert witnesses may write reports and opine on professional indemnity insurance, errors & omissions insurance, and malpractice insurance, among other topics. On the website Everything Small Business, find the article Small Business Liability Insurance – The 4 Types That You Need To Protect Your Business:

4. Professional liability insurance is for professionals who need coverage from malpractice, negligence, errors and omissions. Attorneys, insurance agents, physicians, architects, information technologists, and artists are all professionals that require, to some degree, professional liability insurance. Affordable liability insurance can be acquired from many resources. Price quotes can be obtained from agents, online insurance providers, and various insurance companies.

Read more: everythingsmallbusiness.com.

In The Case for Forensic Polygraph Testing in Post-Adjudication Sexual Offender Examination and Management, polygraph expert witness Ken Blackstone writes:

Conclusion

Post-adjudication testing of convicted sex offenders is a different arena than pre-adjudication testing; however, it does not require a “reinvention of the wheel”. The parameters of forensic testing already exist. The responsible agencies, instead of ignoring these disciplines, should incorporate them into their existing discipline. This, among other things, will improve the quality of post-adjudication polygraph examiners and their work product by:

Employment practices liability insurance expert witnesses may write reports and opine on commercial liability policies, professional liability insurance, and small business liability insurance. On the website Everything Small Business, find the article Small Business Liability Insurance – The 4 Types That You Need To Protect Your Business:

3. Employment practices liability insurance protects from discrimination, sexual harassment, wrongful termination, hiring, retention, and promotion, and a laundry list of other claims that could potentially harm your business. This is not an umbrella policy, but one that covers many claims that have been filed in recent years against employers that the insurance agency thought could be helpful to business owners. This policy can protect against claims made from past workers and events that occurred in the past, as well as current workers and events.

Read more: everythingsmallbusiness.com.

In Avoiding the $475,000 Mistake – Entering the Credit Bid attorney John L. Hosack, Buchalter Nemer, and mortgages expert witness Joffrey Long write:

Finally! The delays are over and your foreclosure is going to sale. The trustee asks for bidding instructions. The grand total owing on your loan (a first trust deed) is $575,000. The value of the property is $500,000. Would you open the bidding at $575,000? It could be a big mistake. Surprisingly, many otherwise sophisticated lenders and servicers, including large banks, are completely unaware of this problem.

At the opposite extreme, there’s another challenge. It occurs when a lender/servicer who is owed $575,000 opens the bidding at a minimal sum, such as $2,000, that has no relationship to the equity being auctioned.

Liability insurance expert witnesses may write reports and opine on commercial liability policies, professional liability insurance, and small business liability insurance. On the website Everything Small Business, find the article Small Business Liability Insurance – The 4 Types That You Need To Protect Your Business:

2. Product liability insurance protects your company against defective products you may produce. If you have a company that manufacturers products or comes up with prototypes, you may need product liability insurance. Sometimes, unfortunately, products can result in injuries, deaths, and accidents. Depending on the risk of the product is how much you would need, and this would have to be determined by the insurance agent and your attorney, as well as the owners.

Read more: everythingsmallbusiness.com.

Insurance fraud expert witnesses may testify on insurance claims, insurance regulations, and associated matters. On their website, the Coalition Against Insurance Fraud writes:

Why Is Fraud So Big?

Insurers sometimes back off. Most insurance companies take a tough stand against fraud, but some companies unwittingly encourage fraud by paying suspicious claims too easily. These companies believe it’s cheaper to pay some smaller suspect claims than fight in court, and a quick payoff also may avoid multimillion-dollar lawsuits for bad faith.

Marketing expert witness Don E. Smith, President, American Consulting Group, LLC, writes on THE LIMITATIONS OF USING SALES QUOTAS AS THE PRIMARY MEASURE OF PERFORMANCE:

Define their capability. Focus on securing information that is meaningful to being an effective distributor for your line. Calculate indexes based on national average or similar distributors. Keep it simple. Page 3, table 3, Capability Index.

1. Personnel: Outside sales, customer service, field service. Total # of each available for your line. Sales/employee for each.