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Oh-oh! Oberlin College’s insurance . . . doesn’t cover the huge verdict against it
American Thinker ^ | June 8, 2019 | Thomas Lifson

Posted on 06/08/2019 5:04:14 PM PDT by libstripper

Full title of article:

"Oh-oh! Oberlin College’s insurance company says their policy doesn’t cover the huge verdict against it"

Excerpt:

The insurer that covers Oberlin College for liability, Lexington Insurance Company, filed documents with court last month indicating that its umbrella liability policy would not cover costs of any judgment for the plaintiffs. That means that if, after the appeals process has run its course, the plaintiffs move to collect the $11 million a jury just awarded them (plus whatever punitive damages – up to $22 more – are awarded next week), Lexington likely won’t pay and Oberlin would have to sue for reimbursement.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: bakery; gibsonsbakery; insurance; judgment; liabilitypolicy; oberlin; oberlincollege
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The brown, smelly stuff gets deeper for Oberlin College.
1 posted on 06/08/2019 5:04:14 PM PDT by libstripper
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To: libstripper

I have a hunch that the college is not seeing a lot of alumnae support either.


2 posted on 06/08/2019 5:06:47 PM PDT by erkelly
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To: libstripper

that fat ugly leftoad called Lena Dunham is an alumni. Sell the college and name if after the bakery.


3 posted on 06/08/2019 5:07:45 PM PDT by max americana (Fired libtards at our company for the past 12 yrs at every election. I hope all liberals die.)
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To: libstripper

Insurance policies usually do not cover intentional torts, such as libel.


4 posted on 06/08/2019 5:07:58 PM PDT by Defiant (I hope the Russians trick me into voting for Trump again in 2020.)
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To: libstripper
Gibson Baking College? 😎
5 posted on 06/08/2019 5:08:54 PM PDT by Cold War Veteran - Submarines
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To: libstripper

Leftist colleges (the vast majority) have become cash cows and centers of power for Progressivism.


6 posted on 06/08/2019 5:09:38 PM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: Cold War Veteran - Submarines

LOL


7 posted on 06/08/2019 5:11:00 PM PDT by dp0622 (The Left should know if Trump is kicked out of office, it is WAR!)
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To: libstripper

So typical of liberals. They look to others to pay the tab.


8 posted on 06/08/2019 5:11:45 PM PDT by Starboard
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To: Cold War Veteran - Submarines
> Gibson Baking College? <


9 posted on 06/08/2019 5:11:54 PM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: libstripper

Eggcellent!

10 posted on 06/08/2019 5:15:54 PM PDT by Ken H (2019 => The House of Representin')
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To: libstripper

Now...this...is...winning!

JoMa


11 posted on 06/08/2019 5:16:26 PM PDT by joma89
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To: libstripper

Does the article mean that the award exceeds the policy limits or that the insurer says the reason for the award is not covered? Perhaps they exclude willful misconduct...


12 posted on 06/08/2019 5:17:26 PM PDT by Chewbarkah
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To: libstripper
Oberlin College’s insurance company says their policy doesn’t cover the huge verdict against it

Gee, that’s too bad.
13 posted on 06/08/2019 5:19:46 PM PDT by E Pluribus Bellum
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To: libstripper

I think Michele Malkin went there. She may have some great comments on this.


14 posted on 06/08/2019 5:20:30 PM PDT by doosee (Captain, we are approaching a new level of Hell.)
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To: libstripper

It’s so unfortunate when a liberal mouth overloads their ass and they have to start to behave responsibility.


15 posted on 06/08/2019 5:22:46 PM PDT by centurion316
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To: libstripper

It’s so unfortunate when a liberal mouth overloads their ass and they have to start to behave responsibly.


16 posted on 06/08/2019 5:24:05 PM PDT by centurion316
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To: Chewbarkah
"The insurer that covers Oberlin College for liability, Lexington Insurance Company, filed documents with court last month indicating that its umbrella liability policy would not cover costs of any judgment for the plaintiffs."
17 posted on 06/08/2019 5:25:05 PM PDT by Ken H (2019 => The House of Representin')
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To: libstripper

According to Wikipedia Oberlin College has an endowment of $890- million as of 2018. So $11 million here and $22 million there should be mere chump change to them. The bakery may be for sale soon because the current owners will never have to slave over their hot ovens anymore. I just love stories with happy endings.


18 posted on 06/08/2019 5:28:36 PM PDT by Saltmeat
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To: max americana
alumna
19 posted on 06/08/2019 5:30:25 PM PDT by Savage Beast (A Manichaean struggle between TRUTH and evil grips America. President Trump holds the Light of TRUTH)
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To: libstripper

CUE THE “ha-ha” GUY....


20 posted on 06/08/2019 5:33:20 PM PDT by bitt (I donate all my chips to erecting electric bleachers in Gitmo!)
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