COMPANY IS AWARDED MILLIONS.Byline: Jim Skeen Daily News Staff Writer Lance Camper Manufacturing Corp. was awarded $6.3 million in a workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and bad faith lawsuit against an insurance company, Lance's attorneys said Friday. The judgment, which included $4.3 million in punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. , was awarded to Lance Camper in a lawsuit against Republic Indemnity Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. Co. of America. Lance's attorneys claimed that Republic was unfairly reducing dividends owed to Lance. ``By manipulating reserves on claims, Republic Indemnity was unfairly reducing dividends to our client,'' said Walter G. Coppenrath Jr. Esq., counsel for Lance Camper. ``Basically the fox was in charge of the hen house, and our trial team caught him enjoying a feast.'' Republic intends to seek reconsideration re·con·sid·er v. re·con·sid·ered, re·con·sid·er·ing, re·con·sid·ers v.tr. 1. To consider again, especially with intent to alter or modify a previous decision. 2. of the verdict from the trial judge and, if necessary, file an appeal with the California Court of Appeal, the insurance company's attorneys said. ``Employees and representatives of Republic Indemnity Co. of America were surprised and disappointed by the jury's verdict in the case of Lance Camper Manufacturing Corp. vs. Republic Indemnity Co. of America, especially given the undisputed facts that Republic paid almost a quarter of a million dollars in dividends to Lance Camper, and that Lance Camper's `experience modification factor' generally decreased during the time in question, which is indicative of good claims handling,'' said attorney Ray Wong. ``Republic proudly stands behind its workers' compensation insurance program and will continue to comply with all laws, regulations, and contractual ligations in order to meet and satisfy the needs of its policyholders, injured in·jure tr.v. in·jured, in·jur·ing, in·jures 1. To cause physical harm to; hurt. 2. To cause damage to; impair. 3. workers and other affected individuals.'' Between 1986 and 1989, Lance Camper paid Republic Indemnity $1.3 million in premiums and held a ``participating policy,'' which allowed Lance to receive dividend checks for keeping claims down. Lance Camper, which builds truck campers In North America the term truck camper and its derived acronym, TC, are generally used to refer to any recreational vehicle or RV that may be carried in the bed of a pickup truck. In North America, this RV type is sometimes known as a slide-in or cab-over. in Lancaster, later became self-insured. In 1991, Republic Indemnity denied Lance Camper access to files it needed to determine if its dividends had been properly computed. Republic Indemnity had destroyed some of the files, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Lance Camper's attorneys. An audit of files that the court ordered Republic Indemnity to turn over showed that compensation claims had been mishandled, the attorneys said. |
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