Importance

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Abstract

A system and method of evaluating liability among multiple potential responsible parties (PRPs), their insurers and multiple environmental sites supports mediating and arranging settlements in toxic site cleanup between PRPs and insurers, and in appropriate cases, settlements of one or more underlying environmental claims. The system eliminates fragmentation in effecting settlements and handles the interdependence among the parties. According to the system and method, data is gathered, relationships among the data are calculated, a coverage law adjustment factor is applied to the data, allocation and choice of law principles are applied, groupings among the multiple parties and sites are identified based on the apparent settlement potential as identified through the system's various relationships, and a qualitative decision pertaining to the likelihood of outcome is proposed to the parties within the identified groupings.

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First Claim