JLT Re’s reserve notice dated 12/20/16 notes Odyssey Reinsurance Company’s (Odyssey) 30% ceded share of this loss excess $1,000,000 is $219,087. However, my review of the cede’s, IAT / Harco National (IAT) supporting documentation notes a total incurred of $2,848,432.43, based on this information, Odyssey’s correct 30% share excess of $1,000,000 is $543,791.65 ($525,000 Loss & $18,791.65 pro rated expense). Please advise whether you’re in agreement with our calculations. On 10/13/16, IAT received an adverse verdict in the amount of $2,305,376, with the likelihood of the plaintiff being awarded additional monetary damages. IAT reported their course action was to attempt settlement to mitigated any further awards and if necessary file an appeal.
Since “Flagstar failed to object the testimony of Annetta Cohill for argument of appeal, making Davis, the Plaintiff to have sufficient support of negligence and AEMLD claims” (Lexisnexis.com.proxyiub.uits.iu.edu, (2015) that the court then favored in judgment with Davis as the customer and would then engage in further proceedings.
CREA/Legacy Redmon Triangle LLC, Redmond WA and Madison Centre LLC, Seattle WA (“Taxpayers”) are registered with the WA SOS as a foreign LLC; they have not registered with the WA DOR. There is residential development project (expected completion 2018) with ground floor retail space and 2 story subterranean parking garage (for tenants and 15 retail spaces). At this time, they are not aware of how the parking revenue, if any, will work (separate charge or include in lease or free open space). They have following questions:
1. According to the case, it shows that management of M determined that a loss would be “probable” and the estimate range would be $15 million to $20 million. However, they determined $17 million would be the “most likely” amount of loss.
The trial court held for the defendants because he found that the plaintiff was contributorily negligent. No appeal has been taken from the judgment entered on that issue. [No opinion issued from this court]
Originally, Iva refused to pay the advertisement fee to Plaintiff claiming the contract was unintended, and Plaintiff entered into the lawsuit. After the trial judged in favor of Plaintiff, Iva appealed to the appellate court alleging the contract was made by misleading of Plaintiff 's sales representative.
The company has been engaged in a dispute over a long-standing litigation with W Inc. The dispute involves a specific patent infringement matter. In May 2007, W Inc. filed a claim against the company for patent infringement and management determined that a loss was probable and estimated it would be between $15 million and $20 million, with $17 million being the most likely amount of loss within the estimated range (December 31, 2007). In September 2009, a jury trial took place for the litigation involving the company and W Inc. A verdict for the trial was reached; a judgment was ordered that
Brohawn, supra, 276 Md. at 399. Subsequently, the other party to the altercation filed an action against Brohawn seeking damages for intentional torts and negligence. Id. at 399-400. Transamerica, Brohawn’s insurer, refused to defend Brohawn on the grounds that her coverage contained a policy exclusion whereby Transamerica was not responsible for intentional conduct. Id. at 400. Thereafter, Transamerica initiated a declaratory judgment action, in the same court, seeking to have the court declare that Brohawn’s conduct was intentional, and, therefore, fell within the policy exclusion. Id. at 401. The circuit court dismissed the declaratory judgment action because “the question of coverage would be ‘determined by the jury’s verdict in the tort suits]. . . .” Id. at
The 30% of the respodendant getting the support from perants and friends,1.7% of the respodendant getting the support from clinical psychologist,8.3% of the respodendant getting the support from their coach and 1.7% of the respodendant getting the support from other sources.
District court of Florida ruled in favor of the plaintiff, Beth Ann Faragher, she was awarded 1 dollar in nominal
AOL moved to have the suit dismissed, stating that each member signed an agreement to a forum selection clause, which states that any disputes between AOL and its members, would be heard in the federal courts of Virginia. ” AOL moved to dismiss the action for improper venue pursuant to Federal Rule of Civil Procedure 12(b)(3), on the basis of the parties' forum selection clause. AOL
The most significant problems in this case as far as Augat goes is their decision(s) pertaining to
The Law firm won the case in the end with the verdict that Pacific Gas & Energy had to compensate the plaintiffs in the amount of $333 million for damages (cornell.edu web site).
Initial reserves are posted upon completion of their investigation, but no later than 30 calendar days from the initial report of loss. Thereafter, claims are managed on a 90 day diary cycle, where a reserve analysis is required with each diary review. Reserve adjustments and settlement request of $50,000 or greater require an e-mail notification to Vice President of Claims, Bill Petro. This information outlines the details of the claim and comments on coverage, liability, damages,
(Appellant’s Brief at 12, 15 (quoting Leisner, 252 Md. at 555 (“There does not have to be an expressed intention to substitute the new agreement for the previous contract.”)). Not only does this conclusion belie the terms of the 2007 agreement that expressly incorporate the AIA Contract, but this conclusion defies common sense. The parties do not dispute that the 2007 agreement arose out of a payment dispute between WCS and Metropolitan. The bargain reached in that agreement was a compromised sum of payment to WCS in exchange for the release of WCS’s claims for payment. Neither the text of the 2007 agreement nor the circumstances of that transaction evince any reason why the parties would have agreed to revive National Surety’s subrogation rights, as those rights had nothing to do with the subject of the 2007 settlement agreement. Stated differently, the consideration exchanged in the 2007 agreement indicates that the Waivers did not come within the scope of that agreement.
We are in receipt of JLT Re’s ceded reserve notice in the amount of $304,566.69 received in this office on 09/07/16. Based on the claim financials reported by IAT/Harco, our 35% pro rated share excess of the $1,500,000 retention is $207,391.67 ($175,000 Loss & $32,391.67 LAE). Kindly review and advise whether you are in agreement. In addition to the above, please have IAT/Harco respond to the following.