B. Thomas Florence, PhD is a Senior Managing Director at Ankura Consulting Group based in Washington, D.C. Dr. Florence has over 40 years of experience in management consulting and research. He has significant experience in class action and mass tort case management, liability risk assessment, forecasting, large-scale statistical modeling, litigation consulting, toxic tort evaluation, and work flow design and computerization.
Dr. Florence has participated in the start–up and on–going operations of entities established to resolve personal injury claims. He has assisted in the formulation of policies and operations, including designing and implementing work flow procedures and methods for large–scale claim processing, from the receipt of the claim form to the payment of the claim.
Dr. Florence was retained by a number of personal injury trusts to consult in the area of 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 premise liability.
Dr. Florence has also 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, as well as 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.
Dr. Florence 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. Dr. Florence has also been retained as the claims valuation consultant in over a dozen Chapter 11 bankruptcy cases. Dr. Florence has been retained by nearly thirty personal injury trusts to provide claims management services and/or perform assessments of the liabilities facing the trusts. Dr. Florence has also been retained by the court to provide claims management consulting services for a breast implant claims office and a currency conversion fund.
Dr. Florence serves as the Executive Director of the following asbestos personal injury trusts for 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.
Dr. Florence 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.
Dr. Florence’s consulting experience includes a broad range of representative assignments. These include, but are not limited to, 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 psychological effects of broadcast media on information processing and decision–making. Dr. Florence has also done design, analysis and implementation work related to hazardous waste cleanup and hazardous waste spills in the environment.
Dr. Florence received a Masters and Ph.D in Research Design and Statistics from Michigan State University. Additionally, Dr. Florence received a Bachelor of Arts in Business from the University of Kentucky, where he graduated Summa Cum Laude.