Outsourced Claims Management

Toxic tort litigation continues to evolve. Today, more companies than ever are facing the prospect of defending hundreds or even thousands of claimants alleging injury because of their product or service. For these companies, and those who insure them, this can cause elevated legal fees, the mistake of paying claims more than once, and huge sums of time and money attempting to manage these lawsuits. In fact, for some companies these matters threaten a large portion of their business and can lead to bankruptcy.

Effectively managing toxic tort claims can be extremely complex and requires flexibility, foresight and creative problem-solving. In many instances, defendant companies are not in a position to handle these types of challenges. Additionally, their law firms can assist with developing and implementing a strategy for defending the claims, but lack the data management experience and tools required to manage claims in an efficient and cost-effective manner. Millions or even billions of dollars are often at stake. Companies may risk a depressed stock price and closer government scrutiny of claim reporting, and defense activities can put a significant drain on company resources.