David Klein Posts

Fisker Suing XL Group Over Vehicles Destroyed By Hurricane Sandy

XL Group Plc denied insurance coverage related to damages incurred by Fisker Automotive caused by Hurricane Sandy.  A total of 338 Karma plug-in hybrid vehicles were damaged as a result of the hurricane.  The vehicles were valued at around $33 million.  The Fisker Karma vehicles were parked at Port Newark in New Jersey.  This shipping facility was destroyed by Hurricane Sandy.  Fisker filed a complaint this past Friday in the New York State Supreme Court in Manhattan.

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