29 Dec '12, 9pm

Fisker sues insurance company over Karmas damaged in Hurricane Sandy

has been denied some $33 million in damages by its insurance company, XL Group PLC, for 338 Karma sedans that were destroyed by Superstorm Sandy while at port in New Jersey. Not surprisingly, Fisker is suing the insurer, which is based in Dublin, Ireland but has offices in the US. According to the report, the policy Fisker had obtained from XL covered the automaker for damages up to $100 million. At issue are important details that include "whether the cars were in "transit," and which sublimits may apply, if any," according to David Klein, a partner at Orrick Herrington & Sutcliffe, in a phone interview with Reuters . Fisker's 338 Karma sedans are just a few of the estimated 10,000 vehicles destroyed at the shipping facility in New Jersey. Total vehicular losses from Sandy, both new and used, are thought to have

Full article: http://green.autoblog.com/2012/12/29/fisker-sues-insuranc...

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Fisker sues insurance company over Karmas damag...

green.autoblog.com 29 Dec '12, 9pm

Now I'm fairly clueless when it comes to insurance but since the cars were in possession of the shipping company at the ti...

Fisker sues insurance company over Karmas damag...

green.autoblog.com 29 Dec '12, 9pm

has been denied some $33 million in damages by its insurance company, XL Group PLC, for 338 Karma sedans that were destroy...

Fisker sues insurance company over Karmas damag...

green.autoblog.com 30 Dec '12, 9am

I think the main argument is what Fisker's shipping terms were and how things were being shipped in relation to those term...

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