$2.2 million car insurance claim is going to court

Wednesday, November 30th, 2011 Auto Fraud

A Texas jury will get its hands on one of the sexiest car insurance claims ever filed. Philadelphia Indemnity Insurance Co. has accused a Texas man of borrowing $1 million to buy a $1 million Bugatti Veyron supercar, insuring it for twice that much, then driving it into a swamp and filing a claim. Last week, a U.S. District Court judge rejected a request for a summary judgment that would have decided the case without a trial.


External References & Further Reading
http://www.foxbusiness.com/personal-finance/2011/11/29/22-million-car-insurance-claim-is-going-to-court/
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