Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / insurance-coverage-status-update-memo.docx
insurance-coverage-status-update-memo.docx
Parties
HARKNESS LLP
Counsel Quorum Insurance Holdings Corp
Palomar Data Solutions Security Inc
Pinnacle Surplus Lines Insurance Corp
Quorum Insurance Holdings Corp
Graystone Forensics LLC
Whitmore Risk Advisors Inc
Clearfield Notification Services LLC
Dates
August 30, 2023
March 14, 2023
April 18, 2023
April 21, 2023
May 4, 2023
May 5, 2023
June 2, 2023
July 14, 2023
May 8, 2023
May 12, 2023
Amounts
$2,500,000
$8,230,250
$15,000,000
$5,730,250
$6,769,750
$40,000,000
$25,000,000
$3,214,500
$2,100,000
$2,163,750
Obligations
The indemnification claim against Palomar under the Master Services Agreement and Atlas's subrogation rights must be carefully coordinated to avoid double recovery and to maximize Quorum's net financial position
All coverage under the Atlas primary policy is subject to the $2,500,000 per-occurrence SIR, which must be satisfied by Quorum before Atlas's payment obligations are triggered
Any recovery from Palomar must be coordinated with Atlas to ensure that Quorum does not recover the same dollar amount from both sources
Palomar Subrogation Coordination Any settlement or recovery from Palomar Data Solutions must be coordinated with Atlas to address Atlas's subrogation rights under the policy