Friday, February 25, 2005

Allegedly a True Story

You probably have seen it before, but I'd just put it here for your amusement.

A Charlotte, NC, lawyer purchased a box of very rare and expensive
cigars, then insured them against fire among other things. Within a month
having smoked his entire stockpile of these great cigars
and without yet having made even his first premium payment on the policy,
the lawyer filed claim against the insurance company. In his claim, the
lawyer stated the cigars were lost "in a series of small fires." The
insurance company refused to pay, citing the obvious reason: that the man
had consumed the cigars in the normal fashion. The lawyer sued and won!
In delivering the ruling the judge agreed with the insurance company that
the claim was frivolous. The Judge stated nevertheless,that the lawyer
held a policy from the company in which it had warranted
that the cigars were insurable and also guaranteed that it would
insure them against fire, without defining what is considered to be
unacceptable fire," and was obligated to pay the claim. Rather than
endure lengthy and costly appeal process, the insurance company accepted
the ruling and paid $15,000.00 to the lawyer for his loss of the rare
cigars lost in the "fires."

After the lawyer cashed the check, the insurance company had him arrested
on 24 counts of ARSON!!!! With his own insurance claim and testimony from
the previous case being used against him. The lawyer was convicted of
intentionally burning his insured property and was sentenced to 24
months in jail and a $24,000.00 fine.


Anonymous Aloysius said...

Thanks so much for the article, pretty useful data.
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12:17 AM  

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