Tuesday, April 23, 2019
Business Insurance Law Case Study Example | Topics and Well Written Essays - 750 words
Business Insurance Law - Case Study causaIt is palpable that pressure is piled on confederate Insurance to cover for fannys damages. Either way, on that point is an extremely little probability or chance of John missing the payment when the case reaches the Jury. This implies that Allied has to be prepared to eventually pay. The only concern now is to determine how to pay less than is be demanded. It is recommended that Allied seeks to have the case dismissed without it heading to the Jury. The risk of taking the case to court is high gear considering the expenses. For example, the chance of Allied paying nothing to John is 0.20 against 0.30 which exposes them to pay the whole amount. The time and cost is to be lost in the process yet John had accepted an offer of $750,000. It is, therefore, witty to persuade John into accepting a figure closer to that amount or if he cannot then the $750,000 be awarded to him.Decision StrategyIn erect to negotiate for a counteroffer of $400,00 0, Allied can arrange for a session with John himself or with the lawyers representing him so that the case can be solved. In order to convince John into accepting the counteroffer Allied as well needs to be represented by a shrewd negotiator who can fly through the case and reach an amicable solution. This strategy will ensure that Allied persuades John such(prenominal) more since both parties would not want to lose the case. Through the sessions, Allied should be able to inform the possible outcomes of the court case so as to convincing John into giving in to the offer.