Tuesday Deadline for Annual Meeting Registration
Tuesday, October 8, is the deadline for registering for “The Direction of Change,” NOLHGA’s 19th Annual Meeting, which will take place on October 31 and November 1, 2002, at the Monarch Hotel in Washington, D.C. October 8 is also the deadline for making hotel reservations for the meeting and for registering for the MPC meeting on October 30.
To register for the Annual Meeting and the MPC meeting, go to the Annual Meeting Web page and click on “Registration.” Once there, fill out the registration form, print it, and mail the form to NOLHGA with your registration fee. All registrations postmarked by October 8 will be accepted; any registrations postmarked after October 8 will incur a $25 late fee.
To make hotel reservations, contact the Monarch at 202.429.2400 or toll-free at 877.222.2266 (the hotel also has a Web site, and the Annual Meeting Web page contains additional information on the Monarch). Rooms can still be booked after the October 8 deadline, but NOLHGA cannot ensure that the special Annual Meeting room rates will be available.
If you have any questions about your meeting registration, please contact De Gadd at 703.787.4121 or [email protected].
Staff Contact - De Gadd AMS Life Insurance Company (Ariz.)Court Approves Settlement with Hartford Fire
By order dated September 23, 2002, the receivership court approved a $1.9 million settlement negotiated by the AMS receiver with Hartford Fire Insurance Company. The Hartford litigation arose in connection with the receiver’s demand for fidelity bond coverage for various wrongful acts by a former AMS employee. The damages claimed totaled more than $3 million, but bond coverage was limited to $1 million with a $25,000 deductible. The receiver was awarded judgment in the amount of $1.9 million in August 1999, including pre- and post-judgment interest and attorneys’ fees. Hartford successfully appealed, and the matter was remanded for a finding with respect to the “manifest intent” of the employee in connection with the acts at issue in the case. As of July 3, 2002, the judgment was valued by the receiver at $2,074,288.92 (including pre- and post-judgment interest). Recovery, however, was contingent upon the receiver prevailing on appeal.
While the appeal was pending, the receiver negotiated a settlement pursuant to which Hartford Fire would pay the AMS estate $1.9 million to conclude the litigation and dismiss the appeal. The receiver’s petition for approval of the settlement was granted by the receivership court following hearing on September 23. Hartford has paid the full settlement amount into the AMS estate.
Task Force Chair - Luther Hill; Staff Contact - Joni Forsythe