Actuarial Science Experts Opine on Alleged Breach of Warranty Terms by Heavy Equipment Manufacturer

ByJoseph O'Neill

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Updated onJanuary 6, 2022

Actuarial Science Experts Opine on Alleged Breach of Warranty Terms by Heavy Equipment Manufacturer

This case involves a manufacturer of industrial heating and cooling equipment used in the food processing industry. The manufacturer had been accused of supplying defective merchandise to a number of customers in violation of Federal Lemon Laws, causing clients to form a class action against the defendant firm. According to the plaintiffs, the defective equipment should have been under warranty when it began to fail, but that the defendant firm did not honor the terms of the warranty when customers began to report issues with the equipment. In order to evaluate the company’s obligations under the terms of their warranty agreement, an actuarial specialist was requested.

Question(s) For Expert Witness

1. Please explain why you're qualified to assist with this engagement.

2. Have you ever conducted studies pertaining to defective products?

Expert Witness Response E-010242

inline imageI am a fully credentialed casualty actuary and I have dealt with warranty claims a fair amount during my career at EY, Coopers & Lybrand, and Towers Watson both through audit and independent actuarial engagements. My warranty experience spans valuations for such diverse products as jet engines, meters and measurement devices, cell phones, replacement windows, automobiles and roofing products. I believe that, along with my co-authors, I have written the quintessential paper on warranty valuation as well. I note that I was the principal author of the paper as all the methodologies cited were based on my directives as well.

About the author

Joseph O'Neill

Joseph O'Neill

Joe has extensive experience in online journalism and technical writing across a range of legal topics, including personal injury, meidcal malpractice, mass torts, consumer litigation, commercial litigation, and more. Joe spent close to six years working at Expert Institute, finishing up his role here as Director of Marketing. He has considerable knowledge across an array of legal topics pertaining to expert witnesses. Currently, Joe servces as Owner and Demand Generation Consultant at LightSail Consulting.

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