February 21, 1997
Company letter to CPA Myrda, published in the March/April 2000
Graybeards on page 14:
[KWE Note: Insurance company notice to Myrda that a claims investigation
"Dear Mr. Myrda:
This acknowledges on behalf of Federal Insurance Company receipt
of written notice regarding the above captioned matter. As we discussed,
I will be handling this claim on behalf of Federal.
You should be aware that the general terms and conditions of the
Policy require an Insured to submit a Proof of Loss within four
months of discovery of a loss. Based on the information you have
given to us, the Proof of Loss needs to be in to me by April 30,
1997. If for some reason you cannot meet that deadline, please
call me to discuss a suitable alternative date.
Federal does not use a ‘form’ Proof of Loss but, rather,
requests that the Insured provide a written narrative of the loss
outlining the specific details of the loss, supported with copies
of any documents used to establish the amount of the loss and the
fact that the loss resulted from a theft by an employee(s).
You may want to forward to our office, as soon as possible, any
information compiled to date so that we may begin our investigation
of this claim. In order to assure proper attention to this matter,
all future correspondence including the Proof of Loss should include
the name of the Insured and the Policy Number cited above, and
should be addressed to my attention.
In the interim, please also be advised that neither this letter
nor any subsequent investigation or inquiry made by Federal should
be deemed to be an admission of liability or a waiver of any of
the Policy terms or conditions and that Federal expressly reserves
all rights as provided under the Policy and at law.
If you have any questions at this time or if you would like to
discuss this letter in further detail, please do not hesitate to
contact me at (412) 456-8019."
Greg A. Ray, Esq
Bond Claim Attorney