SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Think4Yourself who wrote (54607)11/12/1999 3:01:00 PM
From: Gary Burton  Read Replies (2) | Respond to of 95453
 
MDR has just released its Sept qtr 10Q this afternoon-Go to Edgar--their table of net exposure (claim exposure less insurance) went from $195MM at Mar31 to $164MM at Sept 30 but then they added a note after that to say that "recently" the plaintiffs' lawyers have raised their demands materially etc etc---the question is do the insurers pay a % or are they already capped with MDR having to pay any excess? Haven't the faintest idea at this point.---The 10Q put the gross claims liability at Sept30 (before Insurance) at $1,376MM so if they had to settle for 50% higher and IF the insurers were capped, MDR's total net exposure would rise from $164MM to $852MM---anybody have an idea how the insurance works ie a % of the liability or are they already at their maximum exposure?