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June 23, 2010

Comments

William Berk

Dennis,

I served as QBE's counsel in the trial.

The Jury was asked to determine ACV & RCV, but the two figures are not to be combined, as suggested in the Blog. The higher award, RCV, was $3,866,994. This was a gross award. The deductible is $1,968,247. Thus, the base judgment should be $1,898,747, after the deductible. FYI, QBE offered more than that before trial.

Over our objections, the insured asked the Court to refrain from entering judgment, pending the decision in Chalfonte v QBE.

Dennis J. Wall

Thank you. This makes things clear which is much appreciated.

Best,
Dennis Wall

commercial property insurance

@ Dennis, Can you please explain why was the base judgment's fee lower by 70,00$ than the deductible fee?

Dennis Wall

Yes, I think the Comment by Mr. Berk may be helpful in answering that. Thank you for your Comment.
Dennis Wall

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