Forecasting Product Liability Claims: Epidemiology and Modeling in the Manville Asbestos Case - Rilegato

Stallard, Eric; Manton, Kenneth G.; Cohen, Joel E.

Rilegato

ISBN 10: 0387949879 ISBN 13: 9780387949871

Casa editrice: Springer-Verlag New York Inc., 2004

Riassunto

This volume presents a rigorous account of quantitative forecasting efforts that led to the successful resolution of the Johns-Manville asbestos litigation. This case, taking 12 years to reach settlement, may generate over one million claims at a total nominal value of tens of billions of dollars. The forecasting task, to project the number, timing, and nature of claims for asbestos-related injuries from an unknown number of exposed persons, is a general problem. The models in this volume can be adapted to forecast industry-wide asbestos liability, as well as liability for other products and other insurable or compensable events. The volume illustrates the iterative nature of model building and the uncertainty due to incomplete knowledge of the processes of injury and litigation.The volume is written for actuaries, biostatisticians, demographers, epidemiologists, statisticians and analysts of problems in environmental health, finance, industrial risk, investment, occupational health, and product liability. Although statistics, calculus, and matrix algebra are used, the logic behind the quantitative analysis is explained so that readers without specialized quantitative skills can understand why and how specific methods are used. This volume will be an indispensable reference for lawyers, judges, and all whose work involves these topics.The Honorable Jack B. Weinstein, senior U.S. District Court judge in the Eastern District of New York, commissioned Professor Margaret Berger and the authors of this book as neutral experts in the Manville case. He and Professor Berger are widely known for promoting the use of science in law. His foreword sets the context for this book.Eric Stallard, A.S.A., M.A.A.A., F.C.A., is Research Professor and Associate Director of the Center for Demographic Studies at Duke University. He is a Fellow of the Conference of Consulting Actuaries, a Member of the American Academy of Actuaries, and an Associate of the Society of Actuaries. He chairs the American Academy of Actuaries' State and Federal Long Term Care Task Forces and is an elected member of the Society of Actuaries? Long Term Care Insurance Section Council. His research interests include modeling and forecasting for medical demography and health/long-term care actuarial practice. He won the 1996 National Institute on Aging�s James A. Shannon Director�s Award.Kenneth G. Manton, Ph.D., is Research Professor and Scientific Director of the Center for Demographic Studies, Medical Research Professor in the Department of Community and Family Medicine, and Senior Fellow of the Center for the Study of Aging and Human Development, at Duke University. His research interests include human aging, mortality, and chronic disease. He won the 1990 Mindel C. Sheps Award in Mathematical Demography of the Population Association of America, the 1991 Allied-Signal Inc. Achievement Award in Aging administered by the Johns Hopkins Center on Aging, and the 2000 M. Irene Ferrer Award of the Partnership for Women�s Health at Columbia University.Joel E. Cohen, Ph.D., Dr. P.H., heads the Laboratory of Populations, at Rockefeller and Columbia Universities. His awards include: MacArthur Foundation Prize Fellow, Guggenheim Fellow, Tyler World Prize for Environmental Achievement, Mercer Award of the Ecological Society of America, Sheps Award of the Population Association of America, Nordberg Prize of the Population Council, Soper Prize of the Pan American Health Organization, and Distinguished Statistical Ecologist Award of the Sixth International Congress of Ecology. He serves on the national governing boards of the National Academy of Sciences, the National Research Council, the American Academy of Arts and Sciences, and the Nature Conservancy.

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Informazioni sull?autore

 

Kenneth G. Manton, Ph.D. is Research Professor, Research Director, and Director of the Center for Demographic Studies at Duke University, and Medical Research Professor at Duke University Medical Center’s Department of Community and Family Medicine. Dr. Manton is also a Senior Fellow of the Duke University Medical Center’s Center for the Study of Aging and Human Development. His research interests include mathematical models of human aging, mortality, and chronic disease. He was the 1990 recipient of the Mindel C. Sheps Award in Mathematical Demography presented by the Population Association of America; and in 1991 he received the Allied-Signal Inc. Achievement Award in Aging administered by the Johns Hopkins Center on Aging.

Joel E. Cohen, Ph.D., Dr. P.H., is Professor of Population, and Head of the Laboratory of Populations, Rockefeller University. He also is Professor of Populations at Columbia University. His research interests include the demography, ecology, epidemiology, and social organization of human and non-human populations, and related mathematical concepts. In 1981, he was elected Fellow of the MacArthur and Guggeneheim Foundations. He was the 1992 recipient of the Mindel C. Sheps Award in Mathematical Demography presented by the Population Association of America; and in 1994, he received the Distinguished Statistical Ecologist Award at the Sixth International Congress of Ecology.

 

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 This volume presents a rigorous account of statistical forecasting efforts that led to the successful resolution of the Johns-Manville asbestos litigation. This case, taking 12 years to reach settlement, is expected to generate nearly 500,000 claims at a total nominal value of over $34 billion. The forecasting task, to project the number, timing, and nature of claims for asbestos-related injuries from a set of exposed persons of unknown size, is a general problem: the models in this volume can be adapted to forecast industry-wide asbestos liability. More generally, because the models are not overly dependent on the U.S. legal system and the role of asbestos as a dangerous/defective product, this volume will be of interest in other product liability cases, as well as similar forecasting situations for a range of insurable or compensable events. The volume stresses the iterative nature of model building and the uncertainty generated by lack of complete knowledge of the injury process. This uncertainty is balanced against the Court’s need for a definitive settlement, and the volume addresses how these opposing principles can be reconciled.

The volume is written for a broad audience of actuaries, biostatisticians, demographers, economists, epidemiologists, environmental health scientists, financial analysts, industrial-risk analysts, investment analysts, occupational health analysts, product liability analysts, and statisticians. The modest prerequisites include basic concepts of statistics, calculus, and matrix algebra. Care is taken that readers without specialized knowledge in these areas can understand the rationale for specific applications of advanced methods. As a consequence, this volume will be an indispensable reference for all whose work involves these topics.

Eric Stallard, A.S.A., M.A.A.A., is Research Professor and Associate Director of the Center for Demographic Studies at Duke University. He is a Member of the American Academyof Actuaries and an Associate of the Society of Actuaries. He serves on the American Academy of Actuaries Committees on Long Term Care and Social Insurance. He also serves on the Society of Actuaries’ Long Term Care Experience Committee. His research interests include modeling and forecasting for medical demography and health actuarial practice. He was the 1996 winner of the National Institute on Aging’s James A. Shannon Director’s Award.

Kenneth G. Manton, Ph.D. is Research Professor, Research Director, and Director of the Center for Demographic Studies at Duke University, and Medical Research Professor at Duke University Medical Center’s Department of Community and Family Medicine. Dr. Manton is also a Senior Fellow of the Duke University Medical Center’s Center for the Study of Aging and Human Development. His research interests include mathematical models of human aging, mortality, and chronic disease. He was the 1990 recipient of the Mindel C. Sheps Award in Mathematical Demography presented by the Population Association of America; and in 1991 he received the Allied-Signal Inc. Achievement Award in Aging administered by the Johns Hopkins Center on Aging.

Joel E. Cohen, Ph.D., Dr. P.H., is Professor of Population, and Head of the Laboratory of Populations, Rockefeller University. He also is Professor of Populations at Columbia University. His research interests include the demography, ecology, epidemiology, and social organization of human and non-human populations, and related mathematical concepts. In 1981, he was elected Fellow of the MacArthur and Guggeneheim Foundations. He was the 1992 recipient of the Mindel C. Sheps Award in Mathematical Demography presented by the Population Association of America; and in 1994, he received the Distinguished Statistical Ecologist Award at the Sixth International Congress of Ecology.

 

Dettagli dell'edizione

• Editore: Springer-Verlag New York Inc.
• Data di pubblicazione: 2004
• Lingua: Inglese
• ISBN 10: 0387949879
• ISBN 13: 9780387949871
• Rilegatura: Copertina rigida
• Numero di pagine: 424
• Contatto del produttore: non disponibile
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