Comments on: Patterico’s Take on the Tennie Pierce Settlement http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/ Harangues that just make sense Mon, 22 Mar 2010 08:17:06 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: JD http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285572 JD Mon, 24 Sep 2007 22:08:48 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285572 It may exist, but not at the big carriers. Regardless, we would have never agreed to these figures, and the only way the plaintiff would have ever seen them was for the defendant to have voluntarily paid it on their own. If it even involved $1 of any carrier's money, it would have been their decision to make. It may exist, but not at the big carriers. Regardless, we would have never agreed to these figures, and the only way the plaintiff would have ever seen them was for the defendant to have voluntarily paid it on their own. If it even involved $1 of any carrier’s money, it would have been their decision to make.

]]> By: daleyrocks http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285283 daleyrocks Sun, 23 Sep 2007 23:00:01 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285283 JD - No 50xs50 mil layer or sublayer spread between a bunch of carriers for the right price? Has that market disappeared or is it only there for corporations? JD – No 50xs50 mil layer or sublayer spread between a bunch of carriers for the right price? Has that market disappeared or is it only there for corporations?

]]> By: JD http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285268 JD Sun, 23 Sep 2007 22:13:56 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285268 daleyrocks - As I handle litigated public sector claims for a large insurer, I can assure you that anything above a nominal figure would have been too much for us to consider, even given the jurisdiction. daleyrocks – As I handle litigated public sector claims for a large insurer, I can assure you that anything above a nominal figure would have been too much for us to consider, even given the jurisdiction.

]]> By: daleyrocks http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285266 daleyrocks Sun, 23 Sep 2007 22:03:35 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285266 lc - Municipalities usually have limits above which they don't self insure or aggregates to cover multiple large verdicts or settlements. That's my point. Try again. lc – Municipalities usually have limits above which they don’t self insure or aggregates to cover multiple large verdicts or settlements. That’s my point. Try again.

]]> By: Sean P http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285252 Sean P Sun, 23 Sep 2007 21:28:45 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285252 Just to play devil's advocate to an extent, this case was venued in Los Angeles Central (or Civil Central West, I'm not 100% certain which). Central and CCW are commonly known by the Plaintiff bar as "the bank". When a jury pool has a reputation of being so pro plaintiff attorneys refer to it as "the bank" you have to up your settlement value of any case by a substantial number. Just to play devil’s advocate to an extent, this case was venued in Los Angeles Central (or Civil Central West, I’m not 100% certain which). Central and CCW are commonly known by the Plaintiff bar as “the bank”. When a jury pool has a reputation of being so pro plaintiff attorneys refer to it as “the bank” you have to up your settlement value of any case by a substantial number.

]]> By: John http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285162 John Sun, 23 Sep 2007 14:56:34 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285162 Haa! This is nothing compared to New York. The gates have now been opened and I hope everyone in LA enjoys the millions you will lose. This is just the start of it. What a joke. Haa! This is nothing compared to New York. The gates have now been opened and I hope everyone in LA enjoys the millions you will lose. This is just the start of it. What a joke.

]]> By: Another Drew http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285051 Another Drew Sat, 22 Sep 2007 21:47:41 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285051 IIRC from the controversy blaming Daryl Gates for the high payouts during his stay in the Chief's office, the City of Los Angeles is self-insured. All of this comes out of the General Fund, and the taxpayer's pocket. It is so nice when people ask me if I'm from California, I can truthfully say that I'm <b>from</b> L.A.; then I can explain that I don't live there anymore, and neither should anyone with a functioning head on their shoulders. IIRC from the controversy blaming Daryl Gates for the high payouts during his stay in the Chief’s office, the City of Los Angeles is self-insured. All of this comes out of the General Fund, and the taxpayer’s pocket.

It is so nice when people ask me if I’m from California, I can truthfully say that I’m from L.A.; then I can explain that I don’t live there anymore, and neither should anyone with a functioning head on their shoulders.

]]> By: lc http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285050 lc Sat, 22 Sep 2007 21:47:12 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285050 Self-insured, daleyrocks -- that means an insurance company is not involved. There is no deductible because an insurance company isn't paying. The city is paying. Self-insured, daleyrocks — that means an insurance company is not involved. There is no deductible because an insurance company isn’t paying. The city is paying.

]]> By: daleyrocks http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285049 daleyrocks Sat, 22 Sep 2007 21:39:46 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285049 Retired Vice Cop - Their insurance program, self insured, high deductible, however you want to describe it, probably has limits before the external insurance kicks in and starts paying. That was the concept I was trying to get across. The city eats the first $xxxx of each claim before the insurer begins paying. If I were the insurer, I would have argued against a settlement which required me to shell out any bucks to Pierce based on the information about his conduct that has been made public. That was my point. Retired Vice Cop – Their insurance program, self insured, high deductible, however you want to describe it, probably has limits before the external insurance kicks in and starts paying. That was the concept I was trying to get across. The city eats the first $xxxx of each claim before the insurer begins paying. If I were the insurer, I would have argued against a settlement which required me to shell out any bucks to Pierce based on the information about his conduct that has been made public. That was my point.

]]> By: Jim http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/comment-page-1/#comment-285041 Jim Sat, 22 Sep 2007 20:59:54 +0000 http://patterico.com/2007/09/21/pattericos-take-on-the-tennie-pierce-settlement/#comment-285041 I think this settlement reflects a total lack of confidence in the LA City Attorney's office. I think this settlement reflects a total lack of confidence in the LA City Attorney’s office.

]]>