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Casino Magnate Wynn Pokes Lloyd's Over Damaged Picasso Offer

National News • January 15, 2007
The casino magnate who accidentally poked a hole in a Picasso painting said insurer Lloyd's of London has offered to settle his $54 million claim of lost value, but the talks aren't going the way ...

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Subject: RE: settlement

Posted On: January 15, 2007, 12:58 pm CST
Posted By: Public Adjuster
Comment:
You fail to understand...Wynn's "claim" is $54 million for deminution of value, the insurance company is not offering $54 mil, their offer was not disclosed: "Their offer is ridiculous, owner Steve Wynn said. He declined to give specifics, and Lloyd's declined to comment on the matter."
As a former Insurance Company Executive, I agree with Wynn's comments that "insurers play "dirty tricks'' and habitually delay responding to claims, hoping to wear down those making claims and get them to settle for much less than what they are owed.

"Most folks that have insurance can't afford the legal fees, so they take what they get,'' Wynn said in a telephone interview. "There's only one way to stop this kind of thing, and that is to go to court.

Atta-Boy Steve!
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Nov 28, 2009, 1:42 pm
RE: RE: RE: RE: RE: Tough Call Roger Mount
Jan 22, 2007, 11:27 am
RE: The rest of the story ... more factual information Art N. Shuirer
Jan 15, 2007, 4:12 pm
The rest of the story ... more factual information Seen it all before
Jan 15, 2007, 3:56 pm
RE: RE: And my 1994 Toaster is worth Art N. Shurer
Jan 15, 2007, 3:13 pm
RE: And my 1994 Toaster is worth Bunny
Jan 15, 2007, 3:06 pm
Slime Ball Jerk Age Old Broker
Jan 15, 2007, 2:41 pm
RE: RE: Tough Call Lowell
Jan 15, 2007, 2:35 pm
Steve Whine ernie
Jan 15, 2007, 2:05 pm
Same comments/same problem Heard it before
Jan 15, 2007, 2:00 pm
Dear Mr. Wynn... KLS
Jan 15, 2007, 1:55 pm
RE: Painting Reader
Jan 15, 2007, 1:52 pm
RE: RE: RE: RE: Tough Call Art N. Shurer
Jan 15, 2007, 1:49 pm
What a crybaby! An Actuary
Jan 15, 2007, 1:40 pm
RE: RE: RE: Tough Call Hal
Jan 15, 2007, 1:40 pm
RE: RE: Tough Call Art N. Shurer
Jan 15, 2007, 1:32 pm
RE: Tough Call How Much Did He Pay?
Jan 15, 2007, 1:25 pm
Settlement Public Adjuster
Jan 15, 2007, 1:23 pm
Tough Call Smitty
Jan 15, 2007, 1:15 pm
And my 1994 Toaster is worth Art N. Shurer
Jan 15, 2007, 12:59 pm
Painting Joe
Jan 15, 2007, 12:59 pm
RE: settlement Public Adjuster
Jan 15, 2007, 12:58 pm
RE: settlement J
Jan 15, 2007, 12:55 pm
RE: settlement average Joe agent
Jan 15, 2007, 12:55 pm
RE: settlement Bulldogg
Jan 15, 2007, 12:54 pm
RE: settlement mel
Jan 15, 2007, 12:53 pm
settlement rjm
Jan 15, 2007, 11:51 am
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