Valuation of Insurance for Mass Torts and Product Liability Claims At A Glance
Capabilities and Services
Mass tort and product liability claims give rise to a number of issues for insurance companies, lawyers specializing in insurance law, and companies with insurance assets. NERA experts bring together the required disciplines—including economics, statistics, epidemiological modeling, computer programming, accounting, and insurance modeling—to address the complex insurance allocation and valuation problems that arise in mass torts and product liability matters.
For companies with mass tort or products liability, insurance coverage can be one of their most valuable assets; it can also be one of the most difficult to value. Liabilities from mass tort and product liability claims often arise years after exposure begins, and each claim may trigger a number of insurance policies. Experts in NERA’s Mass Torts and Product Liability Practice have extensive experience in allocating the liabilities to appropriate insurance policies and have developed computer programs that allow them to value insurance assets and forecast insurance recoveries quickly and efficiently.
NERA experts help companies, or their insurers, to set reserves and plan for the future, and to aid with litigation. Successfully resolving litigation and achieving beneficial outcomes in settlements and mediations requires an understanding of the available coverage, the ability to value that coverage, and the expertise to forecast the expected insurance recoveries. We have written expert reports, offered economic testimony, and provided litigation consulting expertise for disputes involving mass tort and product liability claims and the insurance coverage for those claims.
