After Oberlin College lost a lawsuit brought by Gibson’s Bakery for the anti-American woke college’s efforts to destroy the company with false accusations of being racist and bigoted, they expected their insurers to pay the $36 million judgment. The insurers, however, refused to pay off the judgment against them under the grounds the insurance policy doesn’t cover such bad behavior. The college is now suing the insurers.
From
legalinsurrection.com –
Oberlin College Sues Insurers For Refusing To Cover $36 Million It Paid Gibson’s Bakery For Defamation And Other Torts
Excerpt:
Along the way, for those of you paying careful attention, a controversy bubbled up as to whether the college’s insurers would cover the verdict. We covered the potential dispute on June 9, after the $11 million compensatory verdict, but before the $33 million (eventually reduced) punitive verdict, EXCLUSIVE: Oberlin College insurer likely to reject coverage for Gibson Bakery $11 million verdict:
A jury has awarded Gibson’s Bakery and its owners $11 million in compensatory damages against Oberlin College, for libel, intentional interference with business, and intentional infliction of emotional distress. The punitive damage hearing next week could add another $22 million, bringing the total to $33 million….
An obvious question, and one a lot of people have been asking, is whether the college has liability insurance to cover the verdict.