All articles tagged with #liability insurance
A car flipper drove seven hours to Chicago to meet a buyer of a Corvette Z06; during a test drive the buyer stole the car, leaving the seller out about $70,000 since liability-only insurance doesn’t cover theft. The buyer reportedly has a history of similar scams. Industry guidance recommends verifying IDs, keeping the keys, meeting in public daylight, and requesting proof of insurance. The car remains missing and no leads yet.
Some Democratic lawmakers are scrutinizing their finances and increasing security measures amid fears of being targeted for prosecution by Trump, following the indictment of James Comey and ongoing political pressures.
Activist investor Carl Icahn has alleged that Illumina's directors demanded extra personal liability insurance before the biotech company signed off on a $7.1 billion acquisition of cancer test developer Grail in 2021. Icahn, who owns a 1.4% stake in Illumina, is pushing for board seats at the DNA sequencing company and calling for Illumina to unwind what he calls a "disastrous" acquisition that he believes represents "a new low in corporate governance." The Grail deal faces scrutiny from European antitrust regulators, and a final decision is expected in late 2023 or early 2024.