Nine Sandy Hook families agree to $73M settlement with Remington

UK Daily Mail ^ | 2/15/2022 | AP and Ronny Reyes

[wardaddy]

I respectfully disagree having been through countless insurance claims

I’m sure as well the plaintiffs didn’t simply sure the insurance company

Remington has to agree that whatever insurance...if they covered this in fact...would pay and if satisfied the judgment

Most insurance policies have exemptions for things like this btw

Acts of terrorism or mass mayhem or war

I’m unaware of insurance policies that cover product liability for mass murder

But I could be wrong

In any event having liability insurance is a cushion and not complete indemnification.

I’m sure someone can dig and find out in the docs

Folks here always assume business allays every unexpected increased cost of doing business like fuel or materials or tax hikes straight to someone else like the consumer or in this case the insurance company

That is a canard.

If Remington is in bankruptcy there is a chance the bankruptcy judge and trustee will determine how and if paid and that can be changed regardless the status of judgement

Debts and loans prexisting will not be subordinated to this new judgement ...except bonds if they issued any...often bond holders get it up the wrinkled winker first in business failure

[ronnie raygun]

Are automakers being held to drunk driving incidents and accident deaths, Big pharma is ahead of the curve free and clear of vaxx deaths.

[fruser1]

“video games”

Yup, it’s the society that spawns the video game, not the other way around. Plenty of mayhem going on before the advent of TV.

[cdcdawg]

Good to know. Thank you for the heads up. .22LR is something I do look for.

[Chode]

and it sounds like it was their AD that they paid on, not the gun itself, so, looks like uncharted waters

and there be dragons...

[Big Red Badger]

.45/70,,,
Pricey round.
.38/357 is Fine choice.
Love Rugers.

[ought-six]

“But I could be wrong.”

Respectfully, you are.

My career was in the insurance industry, and on the Claims side — particularly liability cases, which included products liability. I am retired now, but I handled thousands of liability cases throughout my career, taking a great number of them through trial and appeal.

As for suing the insurance company — which is called “direct action” — only a few states allow such lawsuits (there are seven, as far as I recall; and Connecticut is not one of them). So, the insurers would not have been sued.

Typically, there are no coverage exclusions under a general liability policy on a gun manufacturer for a nutball going on a shooting spree. This crime would not fall under the normal policy exclusions for war or civil unrest. The manufacturer can be sued for a faulty product (products liability), for negligence, for personal injury (such as libel, slander, violation of civil rights, etc.).

You are right, though, that Remington would have to consent to any settlement by its insurers if that settlement extinguished the cause of action against Remington, and did not leave Remington exposed.

[1Old Pro]

Special law only applies to CT and I think NY.

[Big Red Badger]

Thanks for the List!

[Yo-Yo]

.45/70,,, Pricey round.

Pricey round, but a popular deer hunting cartridge in states that allow only straight-walled cartridge rifles.