Case Study: a BDO hospitality client recovers hundreds of millions after Hurricane Irma with BDO

One of BDO’s Hospitality Clients recovers hundreds of millions of dollars with BDO after Hurricane Irma

One of BDO's hospitality clients faced severe operational and insurance challenges after Hurricane Irma devastated two of its properties in 2017: one in the Florida Keys and another in Puerto Rico. The unique logistical hurdles of an island recovery in Puerto Rico, combined with a temporary revenue surge that complicated business interruption claims, required a tailored approach to loss quantification and insurance navigation.

BDO immediately deployed teams to both locations to assess damages and organize data. By quantifying the losses and preparing accurate claims, including a comprehensive analysis of the prolonged business interruption in Puerto Rico, BDO enabled a swift submission. This resulted in the client recovering hundreds of millions of dollars in insurance proceeds, facilitating a full financial recovery.