Rick Haffey, Nevada County CEO, stated in his Friday memo that CSAC-EIA reimbursed the County in an ammount equal to $618,758.10 from the County’s insurance carrier CSAC-EIA. This reimbursement is for defense costs in the Atpac litigation matter.
Insurance companies are emotionless and the stingiest companies on the planet, so for the County to get reimbursed for a portion of the fees, there must be a darn good reason. It is good for the County and its citizens to know that the County's insurance is finally involved...especially on the eve of the hearing on the motion for summary judgment which is set for August 29, 2011 (originally set for July 5, 2011).
If the federal court makes a determination of liability against the County at the summary judgment hearing, it will be very bad news for the County. As I said before, insurance companies are emotionless and the stingiest businesses on the planet. They make decisions based on risk of loss, not emotion. Hopefully, "risk of loss" will take over from "emotion."
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