Ferrari insurance company wins credit dispute with Luxury Mag

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Law360 (June 22, 2021, 4:19 PM ET) – The United States Fire Insurance Co., seeking more than $ 290,000 for a crashed Ferrari, won after a California federal judge said luxury magazine had taken car on loan, has violated the terms of the loan. agreement when the car was priced.

US Justice of the Peace Laurel Beeler said Monday that luxury lifestyle magazine Robb Report violated a loan agreement with Ferrari when two brothers driving a sports car crashed it in Napa Valley, California, at a motoring event sponsored by the magazine. Judge Beeler declined to rule on the amount of damage that might be due to the insurer Ferrari, Crum & Forster, stating that …

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