Product Liability & Mass Tort

Gnarus Advisors has extensive experience with product liability & mass tort issues. We advise companies or other parties with an interest in product liability and mass torts on the possible magnitude of those losses and on issues relating to insurance gap shortfalls, cash flow concerns, estimates informing financial reporting, potential tort settlements and the value of future unasserted claims. Our experience includes liability arising from sources including asbestos, beryllium, lead paint, latex gloves, pharmaceuticals, medical devices, mercury, silica, coal mine dust, silicone breast implants, and welding rods.

Areas of Focus

Product Liability & Mass Tort

  • Bankruptcy & Reorganization
  • Gnarus experts provide analysis to clients pursuing or defending insurance coverage claims for environmental, mass tort, and other product liabilities. Our experience includes allocation of past and future claims to insurance policies, incorporating time value of money, alternative trigger & allocation theories, and unique policy details; compilation, verification, and reasonableness analysis of historic remediation costs; statistical analyses of claims databases to determine reliability for use in litigation; projection of future environmental & tort claims and costs using advanced modeling techniques; and the use of established sampling methods in litigation.

  • Corporate Transaction & Restructure
  • Companies facing a variety of claims may be able to seek recovery from their historic insurance policies to help provide defense and indemnity coverage for those claims. These policies can be a very significant contingent asset but as time has passed, policyholders may not know anything about the policies except that they existed. An insurance archaeology project involves a number of steps to research, identify, and locate the policies or evidence of those policies. Our approach begins with the most cost-effective tasks and, subject to the need and ongoing conversations, may proceed to include additional, more involved effort. Sources of information include other policies, accounting and financial records, various archives, and employees. Our efforts can often locate policies or other evidence of coverage to place a policyholder in a stronger position to make use of their insurance asset.
  • Damages & Valuation
  • Gnarus experts have provided experience working with counsel and their clients to evaluate the business interruption loss, calculate the potential damages, assist with presenting the claim to insurance carriers, and defend the claim through conclusion. We work collaboratively with the parties involved to ensure that the claim process is handled effectively and efficiently.

  • Liability Management & Strategy
  • Gnarus combines economic analysis with scientific and technical expertise to provide clients with multidimensional support on environmental, tort, product liability, business interruption, property value diminution and other issues. Our experts and consultants have advanced capabilities in financial modeling, Monte Carlo analysis, statistics, liability risk projections, and related disciplines. We bring these skills to bear on expert testimony in adversarial proceedings as well as in bankruptcy matters, transactional due diligence, financial reserving and disclosures, and internal risk management and analysis.

Gnarus experts provide analysis to clients pursuing or defending insurance coverage claims for environmental, mass tort, and other product liabilities. Our experience includes allocation of past and future claims to insurance policies, incorporating time value of money, alternative trigger & allocation theories, and unique policy details; compilation, verification, and reasonableness analysis of historic remediation costs; statistical analyses of claims databases to determine reliability for use in litigation; projection of future environmental & tort claims and costs using advanced modeling techniques; and the use of established sampling methods in litigation.

Companies facing a variety of claims may be able to seek recovery from their historic insurance policies to help provide defense and indemnity coverage for those claims. These policies can be a very significant contingent asset but as time has passed, policyholders may not know anything about the policies except that they existed. An insurance archaeology project involves a number of steps to research, identify, and locate the policies or evidence of those policies. Our approach begins with the most cost-effective tasks and, subject to the need and ongoing conversations, may proceed to include additional, more involved effort. Sources of information include other policies, accounting and financial records, various archives, and employees. Our efforts can often locate policies or other evidence of coverage to place a policyholder in a stronger position to make use of their insurance asset.

Gnarus experts have provided experience working with counsel and their clients to evaluate the business interruption loss, calculate the potential damages, assist with presenting the claim to insurance carriers, and defend the claim through conclusion. We work collaboratively with the parties involved to ensure that the claim process is handled effectively and efficiently.

Gnarus combines economic analysis with scientific and technical expertise to provide clients with multidimensional support on environmental, tort, product liability, business interruption, property value diminution and other issues. Our experts and consultants have advanced capabilities in financial modeling, Monte Carlo analysis, statistics, liability risk projections, and related disciplines. We bring these skills to bear on expert testimony in adversarial proceedings as well as in bankruptcy matters, transactional due diligence, financial reserving and disclosures, and internal risk management and analysis.

Our Product Liability & Mass Tort Experts