Timothy G. Raab

Timothy’s professional experience includes:

• Trustee for the PG&E Subrogation Wildfire Trust acting as fiduciary for the preservation and distribution of $11 billion in settlement proceeds. Responsible for selecting an asset allocation, reporting to a trust advisory board, establishing trust policies and procedures, designing claims processing procedures, and resolving and liquidating disputed insurance subrogation claims for property damage due to several California wildfires, including the 2018 Camp fire.
• Settlement Administrator for the AT&T Mobility Wireless State Tax Litigation Settlement Fund responsible for managing and distributing $1.2 billion in settlement proceeds to over 20 million individuals and businesses for state tax refunds. The national settlement fund, established pursuant to the global settlement of MDL No. 2147, involves state sales and gross receipts tax refund claims related to wireless internet usage from over 2,300 taxing jurisdiction and 46 states.
• Executive Director / Director of Finance for Several Asbestos Trusts responsible for overseeing the allocation and distribution of settlement proceeds to millions of claimants with asbestos caused injuries such as asbestosis, lung cancer, and mesothelioma. Some major trusts include the Celotex Asbestos Trust, Babcock & Wilcox Asbestos Trust, United States Gypsum Asbestos Trust, W.R. Grace Asbestos Trust, Owens Corning / Fibreboard Asbestos Trust, Flintkote Asbestos Trust, and the US Federal-Mogul Asbestos Trust.
• Liability Estimation for Sexual Misconduct Claims retained by several Archdioceses to calculate the value of pending claims, estimate the present value of future claims, review related insurance coverage issues, and provide strategic advice on litigation and settlement strategies.
• Liability Estimation for Opioid Litigation associated with claims made by municipalities and counties alleging increased expenditures related to the impact of opioid addition on treatment and enforcement services.
• Evaluation of Insurance Coverage and Liability Estimation related to claims associated with a medial devise and procedure alleging increased medial costs, injury, and wrongful death.
• Liability Estimation for Lead Paint Litigation associated with public nuisance claims and remediation fund costs. Estimation involved the identification of sources related to the prevalence of lead paint geographically and application of state remediation levels and standards.
• Evaluation of Complex Business Interruption Claims for the Special Master of the Gulf Coast Claims Processing Facility related to business losses associated with the BP Oil Spill. The evaluation included the development and application of “but-for” revenue and profitability analysis to quantify loses attributable to the oil spill.
• Independent Assessor for the Dow Corning Trust providing long-term liability estimates associated with claims related to breast implant disease and injury. Discounted cash-flow analysis was used to match insurance assets to future claim liability to ensure that adequate funding was available to compensate claimants.