Absolutely the truth !
Confirm it yourself. The Board may not answer your question adequately. Example why I say that: O'Reilly previously, and adamantly, refused to tell me the insurance contact for the CCHOA - But I found out anyway.
Call Teri Giles, our bookkeeper at Giles and Shea. She told me the legal expenses for 2003 for the CCHOA were nearly $97,000 booked. These primarily include defense expenses for the Gammon lawsuit. Very little other dollars in there. She didn't know whether the CCHOA had filed an insurance claim.
I spoke with the insurance agent, Jack Sr. His office is in West Columbia, Texas - near Houston. He told he there had NOT been a claim filed against the insurance. When I asked if there had been a claim filed against the insurance, would it have covered the defense costs for attorney fees. Answer: Yes, if it had been filed. Jack, Sr. was very nice and very informative.
The Board wasted your money. They had adequate insurance coverage, but the Board spent your nearly $100,000 unwisely.
Check it out yourself!