Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / do-insurance-tower-memo.docx
do-insurance-tower-memo.docx
Parties
HARKNESS LLP
Arbor Health Technologies Inc
Issuer Arbor Health Technologies Inc
Calloway Pierce Securities LLC
Velthorn Capital Partners Inc
Pemberton Wallis LLC
Pinnacle Re Assurance Ltd
Delaware General Corp
Dates
February 8, 2024
December 31, 2023
February 27, 2024
March 1, 2024
February 13, 2024
February 8, 2025
August 6, 2024
Amounts
$20.00
$100,000,000
$2,060,000,000
$612.4
$478.4
$138.7
$41.3
$400,000,000
$460,000,000
$50,000,000
Obligations
Priya Subramanian — Chief Medical Officer In addition to the specifically identified individuals above, the D&O policies extend coverage to all other persons who qualify as "insured persons" under the policy definitions, which typically encompass all persons who were, now are, or shall become directors or officers of the Company or any subsidiary during the policy period
Side B coverage is subject to a corporate retention (deductible), meaning that the Company must bear a specified amount of loss before the insurer's payment obligation is triggered
The retention operates as a deductible — the Company must bear the first dollars of loss up to the retention amount before the insurer's payment obligation is triggered for any given claim under Side B or Side C
The Company must bear the first dollars of loss (up to the retention amount) before the insurer's reimbursement obligation is triggered
Both conditions must be met
Notice of a claim must be provided to the primary carrier, Northbridge Specialty, "as soon as practicable" after the Company or any insured person becomes aware of the claim