The Curriculum Vitae of Douglas C. Moat B.A., J.D., C.L.U., F.L.M.I.

DOUGLAS C. MOAT

B.A., J.D., C.L.U., F.L.M.I.

9 Huquenin Court

Bluffton, SC  29909

843.705.2851     914.466.3711

Dcmoat@msn.com

Douglas Moat has over forty-five years experience in insurance and financial services sales and management including over twenty years as a private consultant. He has been retained as an expert witness in over 50 cases and served as an arbitrator / umpire or mediator in the United States and internationally.

He held executive positions with The Glens Falls Insurance Group, USLIFE Corp. and ITT Corp. before founding The Manhattan Group, Inc., a specialty consulting and investment banking firm which he sold in 2001 but continues to support its business activities. He has served on the Boards of several private and public companies and held non-elected office in the Town of Red Hook, NY.  He is a member of the New York Bar and, over his career, has been an extensive writer, speaker, and expert witness on insurance topics.

PROFESSIONAL EXPERIENCE

• 2001 to Present.  Founder & Chairman, MOAT & ASSOCIATES, LLC. The firm offers consulting services on a selective basis regarding insurance agencies and companies including: arbitration and mediation; expert witness and litigation support; valuations and fairness opinions; workouts and assistance in the management of troubled insurance operations- both insurers and agencies.
• 1986 to 2001. Founder & Chairman, THE MANHATTAN GROUP, INC. an investment banking and consulting organization providing services to insurance companies, agents and brokers, and others engaged in the insurance industry.  A subsidiary of The Manhattan Group, Metro Partners was a wholly owned, licensed independent agency
• 1981 – 1986. President, RUSSELL MILLER, INC. OF NEW YORK, a specialty investment banking and consulting firm specializing in services to insurance and insurance related businesses, including, among other things, appraisals of privately-held retail agencies, mergers and acquisitions, and strategic and business planning.
• 1980. Executive Vice President, THE HOME INSURANCE COMPANY.
• 1972 – 1980. Director, Financial Services, ITT Corporate Staff, ITT CORPORATION. Oversaw the 22 world wide insurance (life, property and casualty) and financial services companies owned by ITT. Coordinated the post-acquisition activities of The Hartford Insurance Companies into the ITT management system. Supervised numerous aspects of insurance company financial analyses including pricing assumptions, reserve adequacy, asset quality and participated in numerous subsequent mergers, acquisitions and divestitures.
• 1967 – 1972. USLIFE CORPORATION, Vice President of the parent company and President of its mutual fund operations. Participated in the evaluation and negotiation of several life insurance and consumer finance acquisitions.
• 1956 – 1967. Secretary, THE GLENS FALLS INSURANCE COMPANIES – The Glens Falls Insurance Group. Established a life insurance operation in the United States for the National Life Assurance Company of Canada.

 

EDUCATIONAL BACKGROUND

• Doctor of Jurisprudence – Fordham Law School, 1972
• Bachelor of Arts (Political Science & Economics) – University of Toronto, 1952
• Chartered Life Underwriter (Canada)
• Fellow in the Life Management Institute

REPRESENTATIVE CASES

• Expert Witness – Smith v. Smith  2012  Retained by Plaintiff to establish the Fair Value of the Smith Agency, Inc.  NORTH CAROLINA
• Expert Witness – Rosefielde et al v. Resorts Agency, Inc.   2011  Retained by Plaintiffs to establish the Fair Value of Resorts Agency, LLC.  FLORIDA
• Expert Witness – J. J. Stewart et al v. Jet Group, LLC et al.  2011  Retained by Defendants to establish the Fair Market Value of AIM Insurance Group, Inc.   CALIFORNIA
• Expert Witness – McGehee and Nobles v. Catalanotto and State Farm Insurance Companies, 2010   Retained by Plaintiffs to establish the relationship between State Farm and one of its independent contractor agents.  LOUISIANA
• Mediator & Expert – Dewitt Stern Gutman Imperatore, Inc.  2009  Retained by parties to recommend settlement of an outstanding obligation arising from the acquisition of a foreign specialty insurance agency.  NEW JERSEY & NORWAY
• Expert  Witness – Kathleen Wigle v. John Wigle. 2009  Retained by Plaintiff to testify regarding the value of Association Group Insurance Administrators, Inc.  CALIFORNIA
• Expert Witness – James Dougherty v. Otterstedt Agency, Inc.  2008  Retained by Plaintiff to testify regarding the value of a minority interest in an independent insurance agency and to the value of lost income.  NEW JERSEY
• Arbitrator – Relmark Program Managers v. ACE Insurance Companies 2007 Retained as an Arbitrator by Plaintiff.  PENNSYLVANIA
• Arbitrator – The Garn Group v. Arch Insurance Company. 2006  Retained as an Arbitrator by Plaintiff.  NEW YORK
• Expert Witness – Ziemba v. The Doctors’ Company.  2005  Retained by Plaintiff to testify regarding alleged wrongful termination. Court of Common Pleas, PENNSYLVANIA
• Expert Witness – Volpari v. Farmers Insurance Companies.  2004  Retained by the plaintiff, an insurance agent to testify as to the customs and practices of insurance sales and service.  Superior Court, Alameda County, CALIFORNIA.
• Expert Witness – Bellevue v. Prudential Insurance Company. 2004.   Retained by Jack Bellevue to testify to issues related to alleged improper acts following his retirement / termination.  National Arbitration Committee of the National Association of Securities Dealers Dispute Resolution, Inc., San Francisco, CALIFORNIA.
• Expert Witness – Patricia Adkins Insurance Agency, Inc. et al v. State Farm Insurance Company. 2004.   Retained by plaintiffs regarding custom and practice in the insurance industry and specifically the confidentiality aspects of expiration data.  Superior Court, Sacramento County, CALIFORNIA.
• Expert Witness – State Farm Insurance Companies v. Pyorre & Weir.  2003  Retained by Messrs. Pyorre and Weir regarding custom and practice in the insurance industry and specifically the confidentiality aspects of expiration data.  Superior Court, Medocino County, CALIFORNIA
• Expert Witness – Medical Group Financial Services, Inc. v. United States Life Insurance Company. 2002.   Retained by Medical Group Financial Services to value damages related to an alleged improper termination.  Federal District Court, MASSACHUSETTS.
• Expert Witness - Sykes v. Sykes. 2002.  Retained by E. Sykes to appraise the fair market value of his insurance holdings in connection with a marital dissolution. Supreme Court, NEW YORK.
• Expert Witness – John Testa  v. Intermarket Insurance Agency. 2001 Retained by John Testa to value damages related to an owner’s interest in an agency. Arbitration. NEW YORK
• Expert Witness – Reliance Insurance Companies  v. Brownstone Brokerage Agency. 2000 Retained by Reliance National to value damages related to a converted book of business. Arbitration. NEW YORK.
• Expert Witness - International Space Brokers v. Aon/Le Blanc de Nicolay. 1999 Retained by International Space Brokers to value the ownership interest in International Space Brokers held by Le Blanc de Nicholay in connection with an arbitration. VIRGINIA.
• Expert Witness - Saul Alberto Krivopisk v. American Life Insurance Company. 1998. Retained by Herrick, Feinstein LLP, counsel to Saul Krivopisk, as an expert on insurance industry business customs and practices in connection with an arbitration. NEW YORK.
• Expert Witness - Runyon v. Runyon. 1997-1998. Retained by Diane Runyon to appraise the fair market value of her husband’s life insurance business in connection with a marital dissolution. NEW JERSEY.
• Expert Witness – American Advantage Insurance, Inc. v. Ameritech Corporation, et al. 1997. Retained by Schoone, Fortune, Leuck, Kelley & Pitts, S.C., counsel to American Advantage, to appraise the damages suffered by American Advantage and its principals as the result of its advertisement having been omitted from the Yellow Pages section of the Milwaukee telephone directory in June 1995. WISCONSIN.
• Expert Witness – William J. Hourigan, et al. v. CIGNA Corporation, et al. and consolidated cases. 1996. Retained by Putney, Twombly, Hall & Hirson, counsel to CIGNA, as an expert on insurance industry business customs and practices. NEW JERSEY.
• Expert Witness – Volunteer Firemen’s Insurance Services, Inc., Arthur J. Glatfelter Agency, Inc., et al. v. CIGNA Property and Casualty Insurance Company, et al. 1996. Retained by O’Melveny & Myers, counsel to CIGNA, as an expert on insurance industry business customs and practices. PENNSYLVANIA.
• Expert Witness – ABCO Insurance Agency, Inc. et al. v. Royal Insurance Company of America, et al. 1994 – 1996. Retained by the Royal Insurance Company of America to provide an independent opinion as to the amount of damages sustained by ABCO Insurance Agency, Inc. if basis for the damage claim by ABCO were to be found, and to provide a summary assessment of the damages claimed by ABCO, as rendered by Castellini Insurance Services. NEW JERSEY.
• Expert Witness – Jardine Insurance Brokers San Jose, Inc. v. Rick Prentice, et al. 1996. Retained by Coblentz, Cahen, McCabe & Breyer, attorneys for Jardine Insurance Brokers, to consider the value of Jardine Insurance Brokers San Jose, Inc., on or about July 15, 1994 and on or about April 30, 1995 and to provide an opinion as to the loss to Jardine resulting from the loss of business volume and staff during the same period in connection with litigation. CALIFORNIA.
• Expert Witness - The Home Insurance Company and Professional Liability Underwriting Managers, Inc. and Bertholon-Rowland Corporation. Arbitration. 1995. Retained by Bertholon-Rowland Corporation to prepare and render an appraisal of the value of certain assets of Bertholon-Rowland as well an an assessment of the damages sustained by Bertholon-Rowland as a result of certain actions by The Home Insurance Company and affiliates. NEW YORK.
• Expert Witness – Avon Group, Inc. v. Crum & Forster Underwriter Group, et al. 1995. Retained by United States Fire Insurance Company to provide a summary assessment of the damages claimed by Avon and an independent opinion as to the amount of the damages sustained by Avon, if a basis for the damages claim(s) was to be found. NEW JERSEY.
• Expert Witness – Putterman v. Putterman, 1995 and 1996. Retained by Carolyn Putterman to appraise the fair market value of her husband’s life insurance business in connection with a marital dissolution. NEW YORK.
• Expert Witness - Prager v. Prager. 1994 and 1995. Retained by Lawrence Prager to appraise the fair market value at several dates of his wholesale insurance business in connection with a marital dissolution. NEW JERSEY.
• Expert Witness – American Federal Group, Ltd. and Dennis A. Herman v. Barnett Rothenberg, 91 Civ. 7860 (SWK). 1995. Retained by Saiber Schlesinger Satz and Goldstein, counsel to Barnett Rothenberg, to appraise the fair market value of the operations of American Federal Group, Ltd. as of November 1991 in connection with litigation. NEW YORK.
• Expert Witness - Bender v. Bender. 1995. Retained by Joel Bender to appraise the fair market value of his life insurance business in connection with a marital dissolution. NEW YORK.
• Arbitrator - Douglass Financial Corporation adv. Ranger Insurance Company. 1995. Retained by Douglass Financial Corporation, a general insurance agency, to serve as arbitrator in connection with a contractual dispute. CALIFORNIA.
• Expert Witness – Moss v. Moss. 1990 – 1995. Retained by the Supreme Court of the State of New York to appraise the fair market value of Alvin Moss’ insurance interests in connection with a marital dissolution. NEW YORK.
• Expert Witness - Tulsa General Insurance Agency, Inc. v. CIGNA Reinsurance Company. 1994. Arbitration hearing. Retained by CIGNA Reinsurance Company to appraise the fair market value of Tulsa General Insurance Agency, Inc. in connection with litigation. OKLAHOMA.
• Expert Witness – Estate of Bernard F. Gilroy v. Gilroy, Kernan & Gilroy, Inc. 1994. Retained by Bond, Schoeneck & King to appraise the fair market value of Gilroy Insurance in connection with a shareholder dispute. NEW YORK.
• Expert Witness – Miller v. Miller. 1993. Retained by Lynne C. Miller to appraise the fair market value of B. B. Miller & Company, Inc., an insurance agency, in connection with a marital dissolution. NEW JERSEY.
• Expert Witness - Theo Heller v. Versatile Insurance Programs Corp. 1992. Retained by Versatile Insurance Programs and Steven Brenner and Robert Heller to appraise the fair market value of the stock of Versatile Insurance Programs Corp. held by the Estate of Eliot Heller, in connection with litigation. NEW YORK.
• Expert Witness - Karpinski v. Karpinski. 1990. Retained by Andrew Karpinski to appraise the fair market value of Burkar Associates, Inc., and Apple Insurance Associates, Inc., insurance agencies, in connection with a marital dissolution. NEW JERSEY.
• Expert Witness – Anthony J. Antenucci and The Joseph J. Cervone Agency, Inc. v. Stephen J. Sipos & Sons, Inc., 1990. Retained by Stephen Sipos as an expert on insurance agency business practices. NEW YORK.
• Expert Witness - Alvarez v. L. James Cordle; Dependable v. Alvarez; Dependable v. Morales; Dependable v. MACG and Gustafson; Dependable v. Poe. 1989. Retained by Poe & Associates, Inc., an insurance broker, to assist in defense against a fraud allegation. FLORIDA.
• Expert Witness – Miller v. Cook & Miller. 1989. Retained by Clifford Miller to appraise the fair market value of Cook & Miller International Ltd., in connection with litigation. NEW YORK.
• Expert Witness – Shalom Brokerage, Inc. v. Nassau Insurance Company. 1988. Retained by Shalom Brokerage to appraise the fair market valuation of Shalom Brokerage, in connection with litigation. NEW YORK.