24 Feb '13, 10am

Fisker Agrees to End XL Insurance America Suit: Fisker Automotive has resolved its lawsuit accusing XL Group P...

Fisker Automotive has resolved its lawsuit accusing XL Group Plc over the loss of more than 300 luxury cars worth about $33 million that were destroyed in Superstorm Sandy. Fisker Automotive sued XL Insurance in New York State Supreme Court in December, seeking reimbursement for losses from the destruction of 338 Fisker Karma plug-in hybrids. Both companies agreed to end the dispute over the loss of vehicles worth about $33 million. Fisker said the vehicles had been submerged in more than 5 feet of seawater on Oct. 29 while they were awaiting shipment to dealers across the country. The Anaheim, California-based carmaker said it submitted a timely claim to XL Insurance America Inc, under a policy offering up to $100 million of coverage subject to deductible and other provisions, only to have it denied on Dec. 20. More than 10,000 vehicles were estimated to have been damaged...

Full article: http://puregreencars.com/Green-Cars-News/plug-in-hybrids/...

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Fisker Drops Lawsuit Against Insurer Over 300 F...

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350.org 01 Mar '13, 10pm

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