Rica Herrera is a director in the global forensics and litigation services consulting practice at Baker Tilly. Rica Herrera has worked in the field of forensic accounting since 1998. She has handled losses of various scopes and sizes. She has worked with insurance companies on commercial losses and with attorneys on litigation support.
Throughout her career, Rica has been involved in damage measurement engagements related to business income, extra expense, fidelity, stock loss, liability, wage and cyber loss. She has also handled claims resulting from product recalls and has worked on personal injury and wrongful death cases.
- Working on behalf of the insurer, evaluated a business income loss totaling over $60 million for a dairy company whose powdered milk processing facility suffered a fire. In order to process and distribute incoming milk before it expired, the dairy company had to reroute incoming shipments to another company-owned facility. In addition, the company had to change the powdered milk product mix and subsequently saw a lower profit margin
- Quantified a reconstruction claim following an explosion on a space launch pad. The claim required the intake of a high volume of documents, including reports and invoices from a number of different vendors, and applying them to the reconstruction claim, to verify there were no duplications
- A seafood distributor suffered a loss of profit following a product recall due to leaky cans for one of its products sold exclusively at a global grocery chain. The grocery chain also submitted an insurance claim for customer refunds due to the recall, as well as a loss of revenue and a loss of placement at the end of an aisle, as the product was slated to be placed there. We analyzed the claims for the insurers of both the distributor and the grocery chain
- Works with energy, professional services and manufacturing industries to quantify business related loss due to cyber events. Events evaluated range from ransomware attacks to operations system errors where operations are affected
- Rica has participated in the International Association of Defense Counsel’s annual Trial Academy as a damage expert witness. She is a mentor in the Seattle University mentoring program and has made presentations to student accountants on forensic accounting.
- Certified Fraud Examiner
Location
Education
Seattle University
Bachelor of Arts, business administration