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From the article: In its release, Hertz says they believe “a meaningful portion of the settlement” will be covered by insurance so ‘no big deal’ to them what t
by thelastgallon 4y ago
From the article:
In its release, Hertz says they believe “a meaningful portion of the settlement” will be covered by insurance so ‘no big deal’ to them what they did to customers, at least for investors. Meanwhile their CEO shrugs in an included statement saying they “will not always be perfect.”
- xaerise 4y agoi hope the insurance company takes a look in the documents and tells Hertz to go f** themselfs... No way that the insurance company would cover negliance and fraud...
- jeffbee 4y agoEvery business is insured against claims of negligence. It is totally standard and I imagine universal that large businesses are so covered.
- phonon 4y agoMany business policies don't cover gross negligence/punitive and exemplary damages.
- remram 4y agoWhat does that change? The company paying a fine is still the shareholders or (most likely) the customers paying a fine.
- nerpderp82 4y agoI don't think insurance should apply in criminal behavior.