Law of Insurance Contract Disputes Personal Statement

Law of Insurance Contract Disputes - Personal Statement ExampleFor consideration also is the choice-of-law analysis as Travelers Insurance is located in untested Jersey while Aetna Casualty and Surety are in Virginia.The court is correct in siding with Aetna in this case. A failure to exercise the decent to respond to an offer for settlement (either by acceptance or rejection) is construed as a waiver on the part of the claimant. Two years is a spacious enough period of time to make a reasonable response and failure to do so constitute unreasonable delay (Stempel, 1998). The statute is presumed to turn in started or accrued from the time of the accident (October 1981) and not on the date of the initial offer by Aetna Casualty (November 08, 1982).The claimant, in this case, did not file each case within the two-year limitation of the statute. Civil claims should be filed within two years from the date of the accident in order to avoid the initiative of a dismissal (Schneider Apr il 26, 2004). The offer to settle was initiated instead by the adverse party of the claimant. Further, the record shows claimants counsel did not contradict the evidence showing frequent industry practice is to respond to a settlement offer within a few weeks, not in months or years. Additionally, the claimant did not indicate ready acceptance but only signified it a year and three months after the initial offer was made on February 4, 1984, from the offer date of November 08, 1982 (Matthews, 2009).