Asbestos litigation is a prevalent injury claim. Buzzwords for environmental issues have been widespread during the last 50 years, including toxic tort and mesothelioma, linked to asbestos exposure, all with lengthy incubation periods involving years to detect and often too late to provide protection. Asbestos-related diseases are primarily lung cancer and asbestosis, but others exist.

Over the last century, significant law changes have resulted in a building materials cleanup. Thorough policing of exposure potential was prevalent years ago when our technology and scientific evaluation were unaware of the gravity of these chemical exposures and their impact on humanity.

These claims typically linger for years, so the legal community carved out an entire practice that focuses on prosecuting and defending asbestos claims. When these toxic tort litigation claims are filed, the insurers, corporations, and the legal community are the primary defendants. During the progress and evaluation of the claim seriousness, various companies contribute to the investigative analysis, forensic experts, appraisers, and the medical and scientific community, all of which are primarily involved in identifying and determining the health aspects of asbestos litigation.

These cases drag on for years. As a result, defendants, insurers, and companies are often no longer in business, which adds to the complexity of the legal aspects of the settlement.

One of the most common issues in complex litigation cases is the date of loss. It is almost impossible to pinpoint a specific time when the incident occurred, typically manifested over years of exposure. As a result, insurers may be a participant at the “alleged” incident, and defining each of the defendants’ responsibilities, both financially and morally, is what contributes to and warrants the term “complex litigation.”

A typical claim is settled based on time, risk, occurrence, or claims made by insurance policies, all being part of the discovery equation. Consequently, there are legal aspects on how the injured party relates to the injury from a process point. There are financial changes in ownership that drastically affect responsibility. Forensic investigations are performed by a responsible party capable of doing scientific forensic analysis, general complex financial litigation management, and forensic accounting.

Mass tort cases are often widespread: When exposed and the contaminants discovered, the case prevails for years with more injuries resulting from the same incident. Consult with a doctor, law firm, the government, and the business or businesses suspected of causing the incident to guide the injured party toward commensurate compensation.

These damages can be calculated as something obvious, like property damage or medical bills; or they can be less obvious, such as emotional distress of loss of earning capacity.

Tort cases can also include exposure to chemicals and environmental agents that lead to claims of personal injury (including death), medical monitoring, fear of future illness and damages to real property. These cases arise from exposure to chemicals from such diverse sources as workplaces, products, air emissions, hazardous material releases, explosions/accidents and food. The nature of these cases range from class actions to a single plaintiff.

Tort law falls into three main categories: intentional, negligent, and strict liability. These categories are determined by motive and intent or the particular results or harm manifested by the set of actions. Following the definition, a tort claim is filed for expenses not paid by ICBC as No Fault Benefits but arise from the harm caused by the incident. These claims have high costs and expenses, including the lawyer’s final percentages, as well as all fees and costs.

Managing these types of claims can be time consuming, requiring constant communication and man hours to ensure on-time reconciliation. VCC is designed to simplify the billing process by providing transparency into reconciliations.

During litigation, the VCC team pays all vendors, experts, legal and defense costs. Initial reconciliation determines current Financial status among all participants to facilitate an allocation plan of action to secure funding. Share allocation, risk calculation and funding cycles ensure prompt payment from participating carriers. Vendors/experts and law firms have real-time portal visibility.