B. Thomas Florence is a Senior Managing Director at Ankura based in Washington, DC. He has over 40 years of experience in management consulting and research with significant experience in class action and mass tort case management, liability risk assessment, forecasting, large-scale statistical modeling, litigation consulting, toxic tort evaluation, and workflow design and computerization.
Tom has participated in the startup and ongoing operations of entities established to resolve personal injury claims. He has assisted in the formulation of policies and operations, including designing and implementing workflow procedures and methods for large-scale claim processing, from the receipt of the claim form to the payment of the claim.
He was retained by several personal injury trusts to consult on claims management, and in several instances to perform assessments of the liabilities facing these trusts. He has designed and implemented fully integrated computerized management systems for processing millions of claims with billions of dollars in payments, and has provided claims valuation and liability assessment in numerous cases involving personal injury and property damage claims stemming from product and premises liability.
In addition, he has provided allocations of potential insurance proceeds in support of liability requirements. In formulating these assessments, he has evaluated the terms and conditions of the policies and has applied various choices of law across coverage blocks. The output of these analyses includes the timing of the triggering of policies as well as the expected payments from the various policies and insurers.
Tom has been retained to assist the debtors in Chapter 11 bankruptcy cases for A.H. Robins Company Inc., Eagle-Picher Industries Inc., Fuller-Austin Insulation Company, and W.R. Grace Inc. He has also been retained as the claims valuation consultant in over a dozen Chapter 11 bankruptcy cases, and has been retained by nearly 30 personal injury trusts to provide claims management services and/or perform assessments of the liabilities facing the trusts. He has also been retained by the court to provide claims management consulting services for a breast implant claims office and a currency conversion fund.
Tom serves as the executive director of the following asbestos personal injury trusts: Babcock & Wilcox Trust, Armstrong World Industries Trust, U.S. Gypsum Trust, Owens Corning/Fibreboard Trust, Celotex Trust, Bondex Trust, Federal Mogul Trust, Flintkote Trust, Lummus Trust, and Pittsburgh Corning Trust. His work with asbestos and personal injury trusts also includes estimation of current and future health-related claims as well as implementation of claims processing policies.
He has taught courses and given lectures in the areas of research design, psychometrics, multivariate statistical analysis, systems theory, and communication analysis, and has published in the areas of environmental auditing and environmental risk analysis.
Tom’s consulting experience includes a broad range of representative assignments such as estimation of liabilities and claim values and processing methods for bankruptcy cases, design and implementation of audit and information-system procedures, development of financial analysis and budgeting for government agencies (including development of related training programs), design and implementation of marketing strategies, and analysis of the psychological effects of broadcast media on information processing and decision-making. He has also done design, analysis, and implementation work related to hazardous waste cleanup and hazardous waste spills in the environment.