please see page 11 of the adjuster report No. 4 attached herewith. In effect, the Original Insured is simply exercising their rights under the insurance policy and will have to further prove that assertion is correct.
As the Original Insured has already incurred fairly large sum of expenses in repairing the damage, they are now requesting an interim payment of THB 50 million under the “Payment on Account” as granted by the original insurance policy and also a condition under the reinsurance placement. The adjuster has opined that this request is reasonable and has as such recommended the payment – please see page 24 of the same report attached herewith.
In view of the above, we feel it is quite unreasonable of Falcon Insurance to demand that the payment would be agreed subject to the Original Insured agreeing to release Falcon Insurance from any further liability as there obviously is a dispute between the Original Insured and the insurers as to the cause of the damage.
Kindly reconsider and we await your urgent advice ka.