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Understanding economic incentives associated with asbestos liabilities is
critical to business strategy, according to Charles H. Mullin, Bates White economist
WASHINGTON, D.C., December 5, 2007—Charles H.
Mullin, PhD, Partner at Bates White, LLC, shared his expertise and observations on key issues
at two recent asbestos-related conferences.
At Mealey’s National Asbestos Litigation Superconference, Dr. Mullin participated in a
panel discussion about financial alternatives to asbestos bankruptcy. He outlined a risk transfer
solution that provides certainty and cost relief to solvent defendants. Bankruptcy is not the only
way for companies to rid themselves of asbestos liabilities, and the costs and benefits of other
options need to be considered. For example, in contrast to bankruptcy (where the court assumes
control), with a risk transfer solution, company management retains control. The conference took
place in Scottsdale, AZ, on September 26&ndash28, 2007.
At The Insurance and Reinsurance Allocation Party’s National Convention Conference, Dr. Mullin
discussed the impact of economic incentives on valuing insurance policies. His presentation,
“The Impact of Underlying Litigation Developments,” explores the importance of the
interaction of potential expenditure scenarios with possible allocation methods. He demonstrates a
range of potential policy values based on different scenarios and the ability to improve negotiation
positions and potential settlement outcomes with such knowledge. The conference was sponsored by
WestLegalWorks and took place in Chicago, IL, on November 7, 2007.
To read “The Impact of Underlying Litigation Developments,” please visit:
http://www.bateswhite.com/news/pdf/Mullin_suberbowl.pdf
Charles H. Mullin
Dr. Mullin is a Partner with Bates White, LLC and a recognized expert on asbestos-related matters.
He provides advice and expert analysis on asbestos liability issues involving insurance coverage,
bankruptcies, and due diligence for mergers, acquisitions, and spin-offs. He has authored numerous
expert reports and provided expert testimony in asbestos-related insurance matters, and he has
provided due diligence reports for corporate transactions. Dr. Mullin has designed and implemented
statistically reliable claim file reviews for both asbestos defendants and insurance companies. He
is frequently invited to speak at industry conferences on a multitude of asbestos-related issues.
Dr. Mullin has a PhD in Economics from the University of Chicago.
About Bates White
Bates White is a consulting firm offering services in economics, finance, and business strategy to leading law firms,
Fortune 500 companies, and government agencies. We provide our clients with a unique combination of quantitative and
analytical expertise, and an understanding of business issues across a range of industries. Bates White has offices
in Washington, D.C., and San Diego, Calif.
www.bateswhite.com
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