March 8, 2000
Letter
to Tom Gregory from Chubb & Son:
[KWE Note: Letter from insurance company to KWVA stating it will
not consider another claim due to lateness.]
TO:
Tom Gregory
4400 Sillman
Kettering, OH 45440
RE:
? Insured: Korean War Veterans Association
? Policy No.: 8145-38-48
? Claim: Employee Theft (John Maison)
? Company: Federal Insurance Company
Dear Mr. Gregory:
As per our discussions, please find enclosed copies of the requested
letters regarding the above-referenced claim. Please note that
as per my original letter to Stan Myrda in February of 1997, the
proof of loss due in this matter on April 30, 1997, attached. Following
several extensions, a partial but substantially incomplete proof
of loss was forwarded in November of 1997.
Subsequent to reviewing the proof of loss, I forwarded a letter
and a Partial Release & Assignment to Nick Pappas dated June
3, 1998, attached. Therein, I advised Mr. Pappas that any additional
information relative to the claim would have to be received on
or before September 3, 1998. Finally, after having waited for more
than a year for the documentation, I confirmed with KWVA’s
insurance broker by letter dated June 10, 1999, attached, that
the claim would be closed for inactivity and failure to adhere
to required deadlines.
Further, on January 13, 2000, more than 16 months subsequent to
the September 3, 1998 deadline expressed in my June 3, 1998 correspondence
to Nick Pappas, Federal received a report prepared by Stan Myrda.
Therein, Myrda purportedly provides additional documentation supporting
an alleged loss amount of $60,848.82. As I have expressed to you
by telephone, I am not persuaded that the information forwarded
by Myrda could not have been presented on or before September 3,
1998.
Moreover, the alleged and unexcused delay is not acceptable in
that the FBI nor the IRS possessed any of the alleged documentation
forwarded at least 16 months late. For all reasons stated above,
including the failure to timely forward the requested and required
documentation, Federal Insurance will not further consider the
merits of the claim and must deny the same. Should you have any
other questions please do not hesitate to contact me directly at
(215) 981-8266.
Respectfully,
Chubb & Son
A Division of Federal Insurance Company
By: Greg A. Ray, Esq.
Bond Claim Attorney
Enclosures
cc: Gayle Popkey, Huntleigh/McGehee, Inc., 222 S. Central Ave.,
St. Louis, MO 63105
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