Free Memorandum - District Court of Arizona - Arizona

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Wayne Gill, Esq. (Fla Bar. No. 114953) WALTON LANTAFF SCHROEDER & CARSON LLP 1700 Palm Beach Lakes Boulevard, 7th Floor West Palm Beach, Florida 33401 Telephone: (561) 689-6700 Facsimile: (561) 689-2647 Steven Plitt, Esq. (State Bar No. 007481) Daniel Maldonado, Esq. (State Bar No. 018483) KUNZ PLITT HYLAND DEMLONG & KLEIFIELD, P.C. 3838 North Central Avenue, Suite 1500 Phoenix, Arizona 85012-1092 Telephone: (602) 331-4600 Facsimile: (602) 331-8600 Attorneys for Defendant/Counter-Plaintiff IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF ARIZONA U-Haul International, Inc.; U-Haul Company Of Pennsylvania; U-Haul Company Of Florida; and Republic Western Insurance Company, Plaintiffs, vs. Lumbermens Mutual Casualty Company, Defendants. (Assigned to the Honorable David G. Campbell) No. CIV 04-0662 PHX DGC (Maricopa County Superior Court Cause No. CV 2004-002438) DEFENDANT'S CALCULATION OF DAMAGES FOR FERNANDEZ MATTER

Defendant, Lumbermens Mutual Casualty Company ("LMC"), by and through
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counsel undersigned, hereby submits this calculation of damages for the Fernandez
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matter. LMC maintains all of the objections and legal arguments that it previously
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made at trial, and prior to trial, and does not waive any of them. However, pursuant to
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Case 2:04-cv-00662-DGC

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Your Honor's instructions, LMC is enclosing mathematical calculations regarding Republic Western's damages claim pertaining to the Fernandez matter. Exhibit A

applies if the court uses both Exhibit 28 and 30 to calculate damages. Exhibit B applies if the Court uses only Exhibits 28 to calculate damages.

DATED this 9th day of March, 2007. WALTON LANTAFF SCHROEDER & CARSON LLP Wayne Gill, Esq. 1700 Palm Beach Lakes Boulevard, 7th Floor West Palm Beach, Florida 33401

KUNZ PLITT HYLAND DEMLONG & KLEIFIELD, P.C.

By: /s Daniel Maldonado Steven Plitt Daniel Maldonado 3838 N. Central Avenue, Suite 1500 Phoenix, AZ 85012-1902 Attorneys for Defendant

ORIGINAL electronically filed with the USDC this 9th day of March, 2007, and a Copy delivered to Judge Campbell; and a COPY electronically served/mailed to: Gerald Gaffaney, Esq. David J. Ouimette, Esq. MARISCAL, WEEKS, MCINTYRE & FRIEDLANDER, P.A. 2901 North Central, Suite 200 Phoenix, Arizona 85012 Attorneys for Plaintiff

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Bruce Friedman, Esq. Mark S. Fragner, Esq. RUBIN, FIORELLA & FRIEDMAN, LLP 292 Madison Avenue, 11th Floor New York, New York 10017 Attorneys for Plaintiff

/s Tracey Barnes

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EXHIBIT "A" CALCULATION OF REPUBLIC WESTERN'S CLAIM AGAINST LMC REGARDING THE FERNANDEZ MATTER IF PLAINTIFFS WIN, AND IF THE COURT WERE TO FIND THAT THE MARTINEZ SETTLEMENT EXHAUSTED THE AGGREGATE LIMITS OF RGMM AND RXMM PRIOR TO THE FERNANDEZ SETTLEMENT, AND IF THE COURT USES PLAINTIFF EXHIBITS #28 and #30 TO CALCULATE REPUBLIC WESTERN'S DAMAGES

Republic Western's total occurrence limit. Less RGMM's and RXMM's combined limits.

$7,000,000.00 ($2,000,000.00)

Less Total LAE listed on Plaintiffs' Exhibit #28 for Fernandez. ($2,152,736.23) Republic Western's remaining coverage Total Fernandez Settlement LMC's share allocation LMC's payment to the Fernandez Settlement (Exhibit #143) Balance $2,847,263.77 $8,000,000.00 $5,152,736.23

$4,110,769.50 $1,041,966.73

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EXHIBIT "B" CALCULATION OF REPUBLIC WESTERN'S CLAIM AGAINST LMC REGARDING THE FERNANDEZ MATTER IF PLAINTIFFS WIN, BUT IF THE COURT FINDS THAT PLAINTIFFS HAVE NOT PROVEN THAT RGMM'S AND RXMM'S AGGREGATE LIMITS WERE EXHAUSTED BEFORE THE FERNANDEZ SETTLEMENT, AND IF THE COURT USES ONLY PLAINTIFFS' EXHIBIT #28 TO CALCULATE DAMAGES

Republic Western's total occurrence limits. Less Total LAE listed on Plaintiffs' Exhibit #28 for Fernandez Republic Western's remaining coverage Total Fernandez settlement LMC's share allocation LMC's payment to the Fernandez settlement (Exhibit #143) Amount by which LMC overpaid its share Reimbursement owed to Republic Western by LMC Reimbursement owed to LMC by Republic Western

$7,000,000.00

($2,152,736.23) $4,847,263.77 $8,000,000.00 $3,152,736.23

$4,110,769.50 $958,033.27 Zero $958,033.27

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