Gnarus has extensive experience with product liability & mass tort issues. We advise companies or other parties with an interest in product liability & 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 experts and consultants have experience with claims arising from a wide variety of exposures including asbestos, beryllium, lead paint, lead mining / smelting, beryllium, latex gloves, mercury, silica and mixed dust, silicone breast implants, and welding rods.
Gnarus combines deep historical knowledge of product liability & mass tort litigation with expertise in economics, statistics, law, and science to each engagement. We bring our advanced capabilities in financial modeling, monte carlo analysis, statistics, sampling, and litigation risk analysis to bear on expert testimony in adversarial proceedings as well as in transactional due diligence, financial reserves and disclosures, and risk management and analysis.
Our areas of expertise include:
Gnarus experts are highly experienced in advising clients in the development, negotiation, and resolution of virtually every type of long-tail insurance claims arising from historic CGL, specialty, and first-party property insurance policies.
Gnarus experts and consultants have substantial expert witness credentials and provide a broad array of non-testifying consulting services including:
- Allocation of losses to insurance policies
- Claims data analysis & claim management
- Expected & intended analysis
- Liability estimation
- Insurance archeology
- Response cost justification
- Review of historic policy erosions
- Statistical analysis of claims databases
- Timing of environmental damages
Gnarus combines economic analysis with scientific and technical expertise to provide clients with multidimensional support on its 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.
Gnarus brings 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’ diverse team provides a multi-disciplinary approach to Legacy Liability Management. Our professionals can audit your existing program and make recommendations for improvements. We can help you improve your processes through proper vendor selection (from claims management to networks of lawyers) and help manage your legacy liability program. Gnarus can also integrate your legacy liability management with business objectives, such as preparing for acquisitions or divestitures.
Gnarus can advise you, help secure and manage vendors, and improve your management of legacy liabilities in the following example areas:
- Aligning claims, insurance, litigation, finance, and tax efforts
- Billing protocols
- Captive insurer management
- Claims databases
- Claim litigation management
- Coverage litigation management
- Document management/ retention/compliance
- Future liability modeling
- Medicare secondary payer support
- National claims coordination
- Scientific analysis
- Strategy – business and litigation