Fisker terminates lawsuit against XL over hybrid cars wrecked by Sandy

Article by Christian A., on February 25, 2013

Fisker Automotive Inc. has entered a deal to terminate a lawsuit against XL Insurance America Inc. related to the loss of over 300 luxury cars with a value of around $33 million that were damaged in Superstorm Sandy, according to a court filing. Last December, Fisker (the plug-in hybrid automaker that’s looking for a buyer) filed a lawsuit against XL Insurance in New York State Supreme Court.

It sought to get reimbursement for losses as a result of the destruction of 338 Fisker Karma extended-range sedans. The complaint stated that these vehicles were positioned at a plant in Port Newark, N.J., where they were unloaded from ocean vessels and were set to be delivered to U.S. retail dealerships.

Headquartered in Anaheim, Calif., Fisker said that it had informed XL Insurance, a unit of Dublin-based XL Group Plc, about the loss on Nov. 13. Coverage was denied by the insurer on Dec. 20. A stipulation of discontinuance filed today indicated that the two sides had agreed to end the lawsuit. No official reason was given. None of the parties had given any comment.

Topics: fisker

If you liked the article, share on:

Comments

Recommended

If you’re selling some of the most expensive and most exclusive cars in the world, perhaps it would be a great idea to commission an ultra-rare work from the same...
by - May 24, 2017
Ford Motor Co. now has a new man on the top, and he goes by the name of Jim Hackett. Effective May 22, 2017, Hackett is named the new president...
by - May 24, 2017
Skoda recently launched the new Karoq compact SUV as a replacement model to its now-defunct Yeti small crossover. Slotted below the newly introduced Skoda Kodiaq, the new Karoq features a...
by - May 23, 2017
There are already rumors suggesting that the next generation BMW 5-Series GT is expected to be joining the 6-Series range. The latest reports instead tell us that that 3-Series GT...
by - May 23, 2017
In 2004, the British marque Rolls-Royce officially entered South Korea with the opening of their showroom located in Seoul before opening their second showroom last September in Busan. Now RR...
by - May 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries