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Enron Mail |
I think ultimately this is likely a case of an insurance company not wanting
to reasonably analyze the claim as regards Chris' point below. Enron North America Corp. From: Chris Booth @ ENRON 05/17/2001 04:49 PM To: James P Studdert/ENRON@enronXgate cc: Ben Jacoby/HOU/ECT@ECT, James L Bouillion/Enron@EnronXGate, Kay Mann/Corp/Enron@Enron, Carlos Sole/NA/Enron@Enron, Andrew Edison/NA/Enron@Enron Subject: Re: SWPC 501D5A Generator Damager onboard M/V: INDUSTRIAL BRIDGE Jim, I would suggest that we arrange for another inspection of the generator at the Westinghouse facility here in Houston. I would suggest that Westinghouse bring additional experts and would also suggest that the insurance company send an additional surveyor. I firmly believe that Mr Newell does not appreciate complexity and of the generator and all the electrical properties of the insulation system and he is not going to change his mind. I will defer to Ben for final direction. Chris From: James P Studdert/ENRON@enronXgate on 05/17/2001 04:15 PM To: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron cc: James L Bouillion/ENRON@enronXgate, Andrew Edison/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron, Carlos Sole/NA/Enron@Enron, James P Studdert/ENRON@enronXgate Subject: SWPC 501D5A Generator Damager onboard M/V: INDUSTRIAL BRIDGE Have just talked with adjuster again, and she has preliminary verbal report from surveyor who says that drawings merely confirm his prior contention that this generator was NOT a total loss at the time of the loss, but that further inspection of the unit would be necessary to prove otherwise. The comments from Andrew Edison about pressing SWPC on their responsibilities and ownership of the unit, this has previously been expressed by the adjuster to Jim Bouillion. She definitely would like to have a sit down meeting with Enron people only, not SWPC at this time, to discuss options and where we go from here. She still hasn't signed the CA, but that is not necessary as she is not looking at the drawings and looking at them by her is not necessary for the purpose of a meeting with Enron. I did not check her availability for a meeting at this time because my schedule for Mon-Tues is still up in the air, and Jim Bouillion has a Mon-Wed meeting with our captive insurer in Vermont and would not be available before Thursday. Do we collectively want to go forward with the sit down meeting with the adjuster, and if yes, who all needs to be involved and what are their availabilities? Concerning the VALUE of the generator, the declared value of the entire shipment was $24,506,000. There is no breakdown on the paperwork I have (or the broker) that puts a separate value on just the generator. Thus I guess someone either has that or SWPC can provide that information. The policy is not a "replacement cost value" policy nor an "actual cash value" policy, but a "valued" policy. What that means is we get paid what ever we declared the value to be CIF + 10%. Hence the need to know what part of the $24,506,000 is the "value" of the generator. I await further instructions as to how you want to proceed.
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