In an insurance claim matter, sEnergy Insurance Ltd. retained Cornerstone Research to analyze the business loss at a major Gulf Coast refinery resulting from Hurricane Katrina.
Retained by sEnergy Insurance Ltd
In an insurance claim matter, sEnergy Insurance Ltd. retained Cornerstone Research to analyze the business loss at a major Gulf Coast refinery resulting from Hurricane Katrina. Using advanced econometric techniques, Cornerstone Research estimated the duration and the magnitude of Hurricane Katrina’s effect on gasoline crack spreads. The key issue involved predicting the refinery’s profits in the absence of the Hurricane Katrina–forced shutdown and the hurricane’s effects on gasoline markets. In addition, Cornerstone Research provided critiques of the reports submitted by the insurance adjusters. Cornerstone Research’s analyses were used to evaluate the refinery’s claim and make recommendations to sEnergy’s management.