Company
Legacy Risk Consulting was formed in 2005 to focus on the needs of clients in the areas of asbestos and other mass tort litigation, with an emphasis on identifying and maximizing the insurance available to clients in those areas. This frequently involves Insurance Archeology research into decades old insurance coverages. Once the insurance is identified, it must be mapped out and then taken to insurers. Negotiations are undertaken with the insurers to arrive at a mutual agreement as to how the identified coverages apply. Often, several trial allocations of the identified coverages must be undertaken to assure maximum recovery for the client.
LRC also works with actuaries to develop a qualitative and quantitative assessment of a client’s long term asbestos and other mass tort liabilities, often extending out 30 to 40 years. These actuarial reports satisfy mandated government reporting requirements, such as 10K, Sarbanes-Oxley requirements, etc.
P. David McKnight: Forty years of asbestos consulting and processing experience, beginning with The Travelers Asbestos Claim Office in 1979. From 1989 until 2005, Mr. McKnight served as Vice President of Aon Worldwide Services Co and was responsible for the development, review, analysis, implementation and administration of asbestos litigation strategy. He led the negotiation of settlement agreements with plaintiff attorneys, gave direction to defense counsel, liaised with clients’ Legal and Risk Management Departments, led communication and presentations to excess insurers, coordinated special projects, performed policy archaeology, risk profiling, policy mapping, coverage review/analysis, policy buy-backs and negotiation of Coverage-In-Place and Cost-Sharing Agreements. In 2005, Mr. McKnight joined Farmington, Connecticut based Legacy Risk Consulting as President, providing a continuation of the above listed services to defendants in asbestos litigation.
Mr. McKnight has also testified at trial in various capacities and has served as a panel member at asbestos related conferences.
Education:
BA History 1970 – Virginia Polytechnic Institute and State University (VA Tech)
MA Political Science 1973 – VA Tech
Kim Dominick, Accounting Manager: Ms. Dominick handles client invoicing, IRS and ad hoc reporting and SOX compliance. Additionally, Ms. Dominick assists with claim auditing and claims processing.