U.S. Refuses to Pay Michigan Insurer for Ferrari Wrecked by FBI Agent

  Tuesday, May 24th, 2011 Source: Insurance Journal

The U.S. Justice Department has refused to pay $750,000 to a Michigan insurance company for a Ferrari that was wrecked in Kentucky while driven by an FBI agent. In a recent response to a lawsuit in Detroit, the Justice Department insisted it’s immune to tort claims when certain goods are in the hands of law enforcement. The government refused to release most documents related to the crash. The rare Ferrari F50 was stolen in 2003 from a dealer in Rosemont, Pa., and discovered five years later in Kentucky. The FBI kept it in Lexington, Ky., as part of an ongoing criminal investigation.

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