Insurance Coverage Administration

An important issue for both defendant companies and insurers involved in mass tort litigation is the allocation of defense and indemnity costs to insurance coverage. For insurers this need extends even further into any available ceded reinsurance.

We have prepared insurance and reinsurance coverage analyses for asbestos claims and other significant product liability matters, including environmental pollution, talc, silica, tainted blood, medical devices and implants, hearing loss, repetitive stress, and many other toxic torts. We have been involved in this work since the mid-1980s. Our services in this area encompass:

Collect all relevant underlying policy documentation, review, extract necessary information, and create a policy database
Create graphic coverage charts depicting key policy and contract provisions using our proprietary automated coverage charting tool
Collect all relevant underlying claim documentation, review, extract necessary information, and create a claims database
Model allocation scenarios using our proprietary insurance claim allocation system
Assess the impact of various allocation theories including date of loss, occurrence, allocation method, exhaustion method and policy exclusions/provisions
Support clients / counsel in settlement negotiations and litigation
Provide expert testimony in coverage disputes
Prepare cash flow analyses and projections
Value potential insurance assets for financial reserving
Model and value potential insurance coverage settlement agreements
Administer claim allocations for coverage in place agreements
Perform settled claim allocations and tracking of aggregate limits
Historical data reconciliation and conversions

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PACE is committed to conducting all of its business activities with integrity and excellence, and ensuring the trust of our shareholders, customers, employees and business partners.

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