Estate of Mary B. Bull - Page 5




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          $1,270,658, which included construction of a single family                  
          dwelling, foundation, and site improvement work.  The terms of              
          the construction contract required certification by decedent’s              
          architect before progress payments and/or change orders could be            
          made.  Chubb reviewed the architect’s certifications and any                
          accountings by Krueger.  Chubb used the information from these              
          materials as a basis for preparing “Statements of Loss”, the                
          enabling document preceding reimbursement to decedent.                      
               Although Chubb paid reimbursement proceeds directly to                 
          decedent, Krueger performed the renovations based on its                    
          expectation of Chubb’s reimbursement of decedent.  Chubb made               
          payment only after receipt of verification that work had been               
          performed and accounted for by Krueger.  Chubb also made payments           
          to decedent for living expenses while the residence was being               
          rebuilt.                                                                    
               Prior to her November 4, 1994, death, decedent received                
          payments totaling $1,663,102 from Chubb, which Chubb                        
          characterized as follows:                                                   

















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Last modified: May 25, 2011