2023-08-08 -Lurid Crime Tales-
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Oberlin College Sues Insurance Companies for Refusing to Reimburse $40 Million Settlement
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[NR] Oberlin College is embarking on another legal battle now that it has finally paid out $36.59 million in damages to a local bakery for falsely accusing the business owners of racism. This time, the college is suing four of its insurance providers after they failed to reimburse the school for the multimillion-dollar judgment in the Gibson Bakery’s case.
After a years long legal battle, Oberlin agreed to pay the massive sum to the bakery in September 2022.
Gibson’s Bakery sued the college in 2017, accusing the school and one of its administrators of hurting its business and libeling it over an incident in which the son of the bakery owner stopped three black Oberlin College students, one of whom was stealing wine bottles from the store, in November 2016.
Students from the school protested the bakery after the arrest, handing out fliers outside the shop telling patrons to shop elsewhere. The fliers also accused the Gibsons of having a long history of racial profiling, citing the November 2016 incident. Witnesses who testified at the trial said Oberlin College Dean of Students Meredith Raimondo participated in the protests, handing out stacks of fliers for others to distribute.
So, they dragged their heels on paying, now the shoe's on the other foot.
Now the college is pursuing legal action against Lexington Insurance Company of New York; United Educators Insurance of Bethesda, Maryland; Mount Hawley Insurance Company of Peoria, Illinois; and StarStone Specialty Insurance Company of Cincinnati.
The school filed the suit in Lorain County Common Pleas Court in April accusing the companies of wrongfully refusing to "to honor promises they made in their respective policies to protect the interests of Oberlin College" and the school’s former vice president and dean of students, Meredith Raimondo.
The college had $25 million in commercial umbrella liability coverage from Lexington and another $10 million from Mount Hawley. The school had an additional $5 million from StarStone and $25 million in overlapping educators legal liability coverage from United Educators, according to the lawsuit.
"These policies were intended to provide seamless coverage for lawsuits like the Gibson litigation," the complaint says. "Unfortunately, the defendant insurers have failed to pay a penny toward the $36,590,572.48 sum that Oberlin paid the Gibson plaintiffs. They also have failed to pay for the full cost of Oberlin’s appeals, which were pursued at the behest of the insurers in order to reduce their collective exposure."
The college claims its insurers said that "some, if not all, of the damages" would be covered.
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Posted by M. Murcek 2023-08-08 00:00||
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