Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / exhibit-c-ironclad-denial-letter.docx
exhibit-c-ironclad-denial-letter.docx
Parties
Management Verimark Hospitality Group Inc
Counsel Verimark Hospitality Group Inc
Harkness LLP
Executive Tidewater Risk Advisors LLC
Verimark Hospitality Group Inc
Ironclad Indemnity Corp
Arbor Claims Services LLC
Tidewater Risk Advisors LLC
Dates
February 3, 2023
July 1, 2022
July 1, 2023
September 18, 2022
October 12, 2022
November 15, 2022
October 5, 2022
September 12, 2022
September 16, 2022
September 17, 2022
Amounts
$60,000,000
$25,000,000
$500,000
$31,400,000
$18,700,000
$9,900,000
$15,000,000
$14,500,000
$10,000,000
$40,000,000
Obligations
IIC-NWS-2022-004, attached to and forming part of the Policy), which provides, in pertinent part, as follows: "Notwithstanding any other provision of this Policy, the Company's maximum liability for all business-interruption losses, including but not limited to loss of business income, extra expense, contingent business interruption, and any other time-element coverage, arising out of, caused by, or resulting from a Named Windstorm, shall not exceed Fifteen Million Dollars ($15,000,000) per occurrence
VHG's claimed business-interruption losses are materially inflated by the Insured's own delays and elective decisions, and must be adjusted to reflect the reasonable Period of Restoration as defined under the Policy