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Enron Mail |
Stuart Zisman will be your contact.
-----Original Message----- From: Marshall, David Sent: Wednesday, July 11, 2001 8:39 AM To: Presto, Kevin M. Subject: FW: New Albany Insurance Premium Kevin, I received a call from our insurance agent on the invoice for the subject. Tehy have received a letter from our a/p group stating that they need to include an EID number and cCompany number on all invoices for Enron. Please advise for New Albany Thanks David -----Original Message----- From: Marshall, David Sent: Tuesday, June 19, 2001 9:18 AM To: Presto, Kevin M. Subject: New Albany Insurance Premium Kevin, We spoke some time ago about a proposal to buy down deductibles for our power assets and I recall receiving your authorization to proceed as respects the New Albany plant. To recap, the deductibles under the Enron Corp property and business interruption policy were increased at the last renewal from $500,000 per occurrence to $5 million per occurrence effective March 1. We were shopping a number of options to buy this deductible down to $1 million for property damage and 30 day waiting period for business interruption. This coverage was bound effective June 12 (the reason for the time lag is extreme volatility in the insurance market for power assets) at an allocation of $345,000 for New Albany. I also checked with Stuart and he sees no transactional issues relative to the buydown. I understand that you have also purchased the dual trigger BI policy that effectively mitigates this initial 30 day waiting period exposure, so the BI coverage under the corporate program applies as a further risk mitigant for the catastrophic event. Since it's been awhile since our last conversation, I did want to reconfirm the buydown option and premium charge with you. Please give me a call with any questions David 3-6847
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