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On the Trail of Risks With a Long Tail

Mon, 11 Feb 2013 15:50:03 -0600

Brad Drew, Managing Director, authored an article for Risk & Insurance regarding Navigant's asbestos filing database that uses detailed filing data drawn from federal and state court filings and identifies trends in asbestos lawsuits. The database provides insurance carriers and their insured clients with advantages that include:

Assessing a company’s asbestos exposure
Determining the number of asbestos claims filed against a particular company, group of companies or industry
Determining whether asbestos claims against a company are going up or going down
Identifying the jurisdictions in which asbestos claims are being asserted

New Light on US Asbestos Claims Data

Mon, 11 Feb 2013 15:47:37 -0600

Brad Drew, Managing Director, authored an article for Run Off & Restructuring offering his insights as to how figures from a US asbestos claims database can help with due diligence for acquisitions of companies with asbestos exposure. The article emphasizes that it is highly important for companies entering into M&A, run-off and restructuring transactions to understand where mesothelioma claims are being filed and against which defendants.

Staying on Top

Mon, 11 Feb 2013 15:48:59 -0600

In this article published by Global Reinsurance, Brad Drew advises insurance companies on how to keep track of the masses of claimant data involved in asbestos lawsuits. Among other things, he suggests:

Monitoring how suits are tracked and managed – it is critical that claimants are scrutinised to determine whether they have already filed suit and if so, whether or not the prior suit has been resolved or is pending in a completely different jurisdiction.
Managing and reporting claimant data – while some insureds have systems and processes in place, anecdotal accounts suggest that many do not. A well-planned process must be put in place where key information is acquired and properly organized for all parties to access.
Using shared data services – specialised asbestos claims management outsourcing provides a sophisticated, managed process where controls are in-built with specialised, comprehensive data capture and a consolidated database. In addition to accuracy, there are significant time and money savings to be made.

Asbestos Litigation: A Reckoning

Mon, 11 Feb 2013 15:42:39 -0600

In the "Asbestos Litigation: A Reckoning" article in Risk & Insurance magazine, Brad Drew discusses the asbestos claims litigation landscape. While the days of companies dealing with tens of thousands of new asbestos claims each year appear to be over thanks to changes in the laws in key states, less certain is the extent to which asbestos defendants’ costs will be reduced.

New Medicare reporting requirements loom over defendants, insurers

Mon, 11 Feb 2013 15:44:58 -0600

Brad Drew and Jim Tanella provide insight to the Westlaw Journal of Asbestos on the new Medicare Secondary Payer Mandatory Reporting Act and how it will impact defendants and their insurers. Insurers seek clarification on the medicare reporting requirements and express concern over the rule that says no reporting is required in cases when the claimant was not exposed to asbestos after Dec. 5, 1980.