Captive Insurance Expert Witnesses: 2

Key Coleman, CPA, CFA, CPCU, ARe is Executive Director and Founder of Litigation Economic & Forensic Consulting Group LLC. While his firm is located in Greater Philadelphia, his practice is nationwide. Mr. Coleman focuses on damages analysis and expert testimony in a variety of areas including business breakup, post-acquisition purchase price disputes, employment, lost wages and manufacturing. Mr. Coleman also has a specialty in the Insurance and Reinsurance Industry. Mr. Coleman has over 30 years of experience providing business and financial analysis. Prior to starting his own firm, he spent the bulk of his career in Chicago where he was a partner at a Big Four accounting firm and subsequently held high-level positions at other nationally recognized accounting and consulting firms. Prior to his consulting career, he spent more than eight years in the insurance and reinsurance industry.

In addition to his expert work, Mr. Coleman currently teaches Finance and Business full-time at Cabrini University.

Mr. Coleman is often called upon to perform expert analysis relating to Damages in Insurance or Reinsurance Disputes. He is one of the few experts nationwide who holds both the CPA and the CPCU designations. Mr. Coleman performs expert testimony as an insurance economic damages expert witness both locally and nationwide. In addition, he has performed inspections of MGAs, TPAs, ceding companies, and insureds. An abbreviated list of his insurance expert and damages specialties include:

View Key Coleman's Consulting Profile.

Hayden Burrus, FCAS, MAAA, is an accomplished Casualty Actuary with over 30 years of leadership experience in the Insurance Industry. Former President of Casualty Actuaries of the Southeast, Chief Actuary of publicly traded workers' compensation insurance company, actuarial experience at multiple insurance rating organizations (National Council on Compensation Insurance (NCCI) and Insurance Services Office (ISO)), Mr. Burrus is experienced with all sides of the insurance industry. 

Litigation Support - Mr. Burrus is highly skilled at taking complex insurance and actuarial calculations and decisions and making them easy to understand. For 10 years, he has been offering expert witness services to public and private entities, and attorneys representing plaintiff and defense. Services include thorough reporting, depositions, and trial testimony as needed.

Areas of Expertise:

Past Consulting Experience:

• Opining actuary and Loss Reserve Specialist for a captive reinsurer domiciled in Bermuda.
• Numerous engagements for self – insurers. Clients include governmental and private companies.
• Lines of business include workers’ compensation, general liability and other liability. Jurisdictions include US and Bermuda.
• Deposition regarding the rates and stacking practices of Uninsured Motorist / Auto Liability coverage for a large multistate auto insurer.
• Actuarial valuations of commissions due from an insurance company.
• Retained Chief Actuary services for a growing publicly traded workers’ compensation insurer; charged with building actuarial expertise from the ground up.
• Expert preparation for appeal of NCCI rulings on experience rating modification factor process.
• Opinion Letter to Ohio Department of Insurance on a Regulatory Settlement Agreement.
• Actuarial Expert for Insurer in Receivership.
• Negotiations and sworn statements with Florida Office of Insurance Regulation over excess profits statutes.
• Expert opinion and deposition related to the filed policy forms with a state insurance department.
• Expert Report concerning the cause of the insolvency of a captive insurer.
• Workers’ compensation premium calculations for a premium dispute between insurer and insured.