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Insurance Company: About Those 338 Drowned Karmas, We Are Not Paying. Fisker: We’ll Sue
10 hours ago by Jay Cole 3

http://insideevs.com/insurance-comp...ned-karmas-we-are-not-paying-fisker-well-sue/
Sometime on October 29th, Superstorm Sandy pushed 5 to 7 feet of seawater over Port Newark in New Jersey. Inside the port was 338 Fisker Karmas awaiting to be sold.

Apparently, none of them were equipped with the “submersible” option installed, so after going on an underwater adverture, some of them caught fire, while others simply were write-offs. In theory.


Hrm, Maybe The Damage Isn't So Bad And They Can Still Sell Some Of Them (photo via Jalopnik)
According to a report by Reuters, Fisker’s insurance company XL Group PLC (NYSE: XL) promptly denied Fisker’s claim for damages, worth in excess of $33 million dollars.

In response, Fisker has launched a lawsuit against XL
 

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Discussion Starter · #3 ·
[I thought it was easier to follow this particular part of the issue with it's own thread vs being buried many pages in the other]

Update: 338 Drowned Fisker Karmas in Port Waiting for Recall Fix
http://insideevs.com/update-338-drowned-fisker-karmas-in-port-waiting-for-recall-fix/

Hmm...identifying the status of the vehicles to help their angle in the case. [obviously I want them to get the money/investment back so they can continue with the Atlantic easier]

Now, it seems, a fresh twist has entered the mix. According to details in court documents posted by automotive website Jalopnik, those 338 Karmas were waiting for replacement cooling fans, which were part of a voluntary recall issued in August of 2012.
 

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http://www.insurancetech.com/claims/lawsuit-against-xl-proves-ceos-admonitio/240146566

Here's a twist: XL Group CEO Michael McGavrick said this week at the Property/Casualty Joint Insurance Forum that insurance companies need to do a better job of demonstrating their value to businesses. McGavrick said that the industry is "carefully excluding and picking our way to the future" and even though there's more economic activity and more complexity of risk, "those companies are saying they don't find us useful."
 
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