Insurance & Federal Claims Services

EY Insurance & Federal Claims Services teams bring extensive experience and subject matter knowledge to help clients with their financial recovery and resilience building objectives following disaster events. We leverage forensic accountants and subject matter resources to help clients anticipate challenges that they will face during the federal grants and insurance claims process so that they can expedite and enhance their recoveries.

What EY can do for you

Disaster Grant Compliance Services

We provide federal disaster grant management and oversight services grant recipients and subrecipients through the entire grant lifecycle, including project formulations, subrecipient monitoring, financial documentation support, procurement assistance, strategic funding advice, mitigation applications, reporting, grant closeout, appeals and audits. We are well-versed in major US federal disaster grant programs, including FEMA’s Public Assistance program, FEMA’s Hazard Mitigation Grant Program, Federal Highway Administration grants, HUD Community Development Block Grant (CDBG) Disaster Recovery, CDBG Mitigation, USDE RESTART grants, FEMA’s Urban Areas Security Initiative.

We understand our clients’ needs and leverage our knowledge gained from current and past grant programs to promote economy, efficiency and effectiveness.

Insurance

We help clients to accurately measure, document and prepare complex insurance claims. These insurance claims can include property damage and business interruption insurance claims, extra expense, contingent time element, cyber, product recall, builder’s risk, special event and liability depending on the nature of the event.

  • Deliver on financial recovery goals: We assist in measuring the quantum of the claim, focus on cash advances and assist in settlement discussions
  • Streamline claims recovery process: We work with you to develop strategic claims recovery plan, collect and manage voluminous data and develop a claims cadence with the carriers
  • Coordinate stakeholders: We assist in educating internal and external stakeholders on the claims process and the company’s business. This includes coordinating the flow of information between the adjuster, accountants and brokers.

Averting a second disaster: avoiding grant deobligation

The timing, frequency and destructive forces of disasters are unpredictable, and FEMA’s disaster recovery plans and processes continue to evolve, resulting in legislative changes and disaster program changes. Keeping up with new disaster recovery legislation, policy, guidance and requirements can often be challenging for recipients and subrecipients.

Averting a second disaster

With decades of experience, our Insurance & Federal Claims Services teams understand the multiple funding options available to prepare for and recover from disasters. We help corporations, governments, communities and nonprofits navigate challenges to recover fully and comply with applicable rules and regulations.

We have successfully assisted in recovering more than $50b in funding through commercial insurance and federal disaster programs for our clients and their communities. This includes working on virtually every major disaster over the past 20 years.


How EY can help FEMA grant recipients

The Insurance & Federal Claims Services team brings a unique combination of experiences, market-based insights, fresh perspectives and leading practices, plus replicable models for success to support recipients with recovery.

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Our latest thinking on Insurance & Federal Claims Services

How contractors can avoid delays in federal disaster grant payments

Timely payments under federal grants for disasters require planning, coordination and execution by grantees, subgrantees and contractors. Learn more.

Transforming compliance with advanced strategies and technologies

Learn how multinationals are approaching compliance challenges and driving advancements. Read the 2024 Global Integrity Report – US edition.

How to navigate the ARPA SLFRF deadlines and guidelines

Discover essential strategies to meet the ARPA SLFRF obligation deadline before December 31, 2024, and key steps to avoid returning funds to Treasury.

How state broadband leaders can protect distributed capital from the IIJA

The distributed capital is allocated across several programs and has components of formula and discretionary grants.

How “Buy America” applies to federal financial assistance programs

The Buy America mandate of the Infrastructure Investment and Jobs Act was expanded to several federal grant-making authorities. Learn more.

10 important tips for developing an effective cost estimate

It is critical that federal grant recipients establish and document cost reasonableness. Read to learn more.

Three tips for obtaining a domestic preference waiver

By following three tips, you can increase your chances of obtaining a waiver and avoid risk of noncompliance with requirements. Learn more.

How to decode HUD CDBG disaster programs

Two significant CDBG programs have similarities, but it may be challenging to determine which one may be right for an organization. Learn more.

Seven tips to manage risks for COVID-19 ongoing costs

Applicants may be incurring ongoing COVID-19-related costs that are eligible for reimbursement from federal awards. Learn tips for monitor ongoing costs.

Five keys to successful COVID-19 grant closeouts

Follow leading practices when closing out FEMA grants to reduce risk of funding deobligation. Learn about the five keys to COVID-19 grant closeouts.


    The Insurance & Federal Claims Services team

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