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hammer10
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| Registered on: | 10/5/2017 |
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re: Hmmm...I wonder what the insurance policy is for Mandalay Bay
Posted by hammer10 on 10/18/17 at 11:06 am to Iowa Golfer
My guess is the "Tower" of casualty insurance is $500M ---$1B or more excess of an SIR. The exact amount of limits will be easy to to find as many insurance companies are included in the "Tower" AND numerous reinsurers all over the world. LIABILITY WILL NOT BE AN ISSUE. The amount of limits will NOT be confidential. Whatever the amount is will be thrown into a pot after the defense lawyers milk it for all they can get. Numerous other defendants will throw there limits into the same pot after there defense lawyers milk it to death. Then a Special Master like Kenneth Feinberg will be appointed and settle all claims. This is the way these things work. I have been in the insurance industry for over 40 years of which 30 years in reinsurance claims. I have seen it all!
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