The Subrogation Support Network Podcast

The Billion Dollar Blind Spot: Toxic Tort Subrogation with Bradley Drew

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0:00 | 27:21

Most work comp carriers are sitting on billions in unclaimed recoveries, and they don't even know it. In this episode, host Ashton Kirsch sits down with Bradley Drew, Senior Managing Director of PACE Claims, to explore one of the most overlooked opportunities in subrogation: toxic tort claims, and specifically asbestos.

Brad brings over 30 years of experience managing asbestos and bodily injury litigation, having helped process more than a million claims and $40 billion in settlements through PACE's centralized facility. He breaks down the current state of asbestos litigation, including how claims have shifted from heavy industrial workers to take-home exposures and home remodelers, and introduces emerging toxic torts like talc, benzene, and PFAS that are reshaping the landscape.

The big takeaway? An estimated $2–4 billion in respiratory-related comp claims are paid out each year, with no effort made to seek recovery from asbestos trusts or the tort system.