“The insurer issued its year-long policy to the gated community, Retreat at Twin Lakes, on March 30. Martin was shot about a month earlier on Feb. 26.”
Would this have not occurred before the policy was effective? Am I mising something here?
They don’t say when it was effective, so it may have just issued late. What’s interesting to me is an association with a bodily injury exclusion – what? Who would sell an association a liability policy with a bodily injury exclusion?
In a gated community there are typically common areas which would require liability coverage.
I agree on the bodily injury exclusion. Isn’t that the reason the homeowners associaton would want the policy in the first place? What if someone gets injured in the pool or some other common area?
The liability portion of the individual homeowner/condo owner’s policies should provide coverage for any claims of negligent entrustment, regarding selecting Zimmerman as their roving armed guardian.. Prudent claim handling migh suggest putting forth some settlement money now to avoid the circus and defense costs of potential protracted litigation.
75,000 is not enough. I think the Martins should go for the most they can get because I have a feeling that Zimmerman will walk free after court. If these people backed him for his wrong doing, PAY UP. Although it will not ease the pain of the parents or bring their son back. It will show Stanford how to legally and properly handle a homicide in the future.
I feel sorry for the parents loss of a child but based on what I have seen thus far in the media if this goes down as Zimmerman was standing his ground and a justified homicide it will be interesting to see if they can find liability. I understand that the HOA policy has offered limits but do not see why until it is determined that the HOA failed to meet it’s obligations.
I have heard conflicting stories about if Zimmerman was acting on behalf of the association or as an individual.
Time will tell what the whole story is.
I know what happened here first hand. The idiot attorney filed suit on the D&O policy which excludes BI in favor of the GL policy. Travelers writes the D&O, not the GL. GL is with another carrier and does cover BI. Really. Some of the comments on here are, well, retarded. Stupid is as stupid does. Now go sell something
This is a poorly written article. The author could have added in what type of policy the association had with Travelers. Travelers is asking to not even defend it. I think it is a D&O policy (guessing). I would not offer one cent to settle if I am in turn asking to not even defend the association.
There is another policy out there somewhere that would cover some of the liability. Travelers is also likely the carrier on the liability policy.
Sensational headlines !!! Even in the “Insurance Journal”.
I am very very disappointed in the magazine. NO mention that the policy type (D&O) would always normally exclude such an exposure.
No mention that the GL has already offered up Policy limits.
NOT much RESEARCH prior to writing the article.
It even got emotional reactions HERE, where you would usually expect insurance professionals to ask for the “rest of the story”.
The Journal did itself no favors with this article, and will certainly make me question what else I might read here.
I’m waiting for more information from the trial, but I don’t understand how “stand your ground” could apply to a man who was following a kid. I’m sure the kid was scared knowing a man was following him. It seems to me Trayvon was the one who was “standing his ground”. Even if Trayvon started the fight, Zimmerman was the instigator by following someone after dark, especially since he was expressly told not to by the 911 operator.
I am a little confused when you say ‘following a kid’. Anyone over 6 feet, wearing a hoodie on a rainy night is not going to look like a kid, but a full grown adult. Perhaps you’ve been looking at the well circulated pictures of Trayvon from his youth football days, taken years earlier versus the recent pics of him. Only time will tell what happens with this, but calling Trayvon a kid, implicating child, is really a stretch.
If you want a good scare listen to the New Black Panthers call for a race war.
//www.breitbart.com/Breitbart-TV/2012/04/08/New-Black-Panthers-Call-For-Race-War-Blood-Shed-Kill-Crackers-For-Trayvon-April-9th-Day-of-Action.
.
Wonder when the Attorney General will send the FBI after these guys…………………he didn’t prosecute them for voter intimidation which probably just encouraged them,,,,,,,,but surely calling for killing cops and a race war would mean Holder would have to do something???? ………..Nahhhh , who am I kidding, Holder won’t do anything.
.
Perhaps I should not merely cling to my bible but take Obamas racist complaint/queue t to heart and pick up a gun to cling to as well.
.
FYI, the New Black Panthers and the “old” Black Panthers both support Obama and that may be why Eric Holder has done nothing about their intimidation tactics in 2008 nor this display of hate crimes activity & general threats of violence.
Obama’s power grab flouts Constitution
Blatant disregard of laws passed by Congress violates separation of powers
…Democrats and Republicans alike should be distressed by President Barack Obama’s disregard for constitutional limits on his authority. The president’s flouting of the separation of powers risks turning this country into something other than a representative democracy. Congress should move in a bipartisan rebuke of Obama’s overreach before he neuters that institution.
…In a blatant challenge to the legislative branch, Obama by executive order tossed out the Clinton-era welfare reform that required able-bodied aid recipients to work, saying the federal government will no longer enforce the law.
…This follows the president’s unilateral rewrite of immigration law, using an executive order to implement elements of the DREAM Act, which Congress refused to adopt. He also has thumbed his nose at the No Child Left Behind Act, and has put in place cap-and-trade carbon rules that were specifically rejected by Congress.
…He can’t do these things, by any reading of the Constitution. And yet he is. Because Congress, whose powers he is usurping, hasn’t risen to stop him.
…The Constitution separates powers between the legislative, administrative and judicial branches to more effectively limit government authority, and thus protect individual liberty.
…Obama apparently does not recognize those constitutional limits on his power.
…He is doing these things under the rallying cry of “We Can’t Wait,” contending that the gridlock in Congress caused by Republican gamesmanship is impeding his agenda.
…But this is how the founders intended government to work. The responsibility is on the president to forge a working relationship with Congress. Obama’s inability to do that does not give him the power to act unilaterally, even if it were true that the opposition wants to see him fail.
…The imperial presidency Obama is building should worry Democrats as much as it does Republicans. This has never been an “end justifies the means” nation. Even if you agree with the outcomes the president is seeking, his running roughshod over the rule of law should be objectionable, because the powers he is claiming will not be forfeited by the next Republican president.
…Democrats and civil libertarians rightly protested when former President George W. Bush used the war on terror to grab authority from Congress and the courts, particularly in regard to wire-tapping and detentions. We shared their concern then, and are even more chagrined now because Obama’s power grab comes in the domestic arena, where presidential authority is more tightly constrained than it is in dealing with national security.
…The founders were justifiably worried about an aggressive president using the office to claim dictatorial control of the nation. That’s why they so carefully limited and separated the powers.
…Every president has tried to push those limits, some with a degree of success. But few have so boldly rejected established law and taken it upon themselves to write and enact legislation.
…The Constitution doesn’t allow Obama to do that. Congress has the responsibility to tell him so.
Detroit News Editorial 8-7-12
Lean…AKA Drank – skittles, plus watermelon flavored ice tea (other kinds will do) plus robetussen cough syrup can be mixed to get you a good high. Popular in Rap culture.
Suddenly that bag of skittles and ice tea takes on a whole new meaning….Especially since Treyvon’s web posts extolled the virtues of Lean.
Treyvons prior run ins with the law and suspensions for marijuana and for having “burglary” tools at school are also disconcerting as compared to the little angel image his family and attorneys try to present.
WHO’S FAULT WAS THE BANKING CRISIS AND THE HOUSING BUBBLE BURST?
.
1) Banking Crisis & Glass Steagle – The smoking gun.
.
After the 1929 Stock Market Crash, in the midst of a nationwide commercial bank failure and the Great Depression, in 1933 two Congressmen put their names on what’s known today as the Glass-Steagall Act. The act separated investment and commercial banking activities. At the time, “improper banking activity”, or what was considered overzealous commercial bank involvement in stock market investments, was viewed as the main culprit of the financial crash. According to that reasoning, commercial banks took on too much risk with depositors’ money.
.
Under this act, only 10% of a commercial banks’ total income could come from securities. By creating such a barrier, the GSA was aiming to prevent the banking systems use of deposits in the case of a failed underwriting job.
.
In November of 1999 Congress repealed the GSA by establishing the Gramm-Leach-Bliley Act, that then President Bill Clinton signed. The act eliminated the GSA restrictions against affiliations between commercial and investment banks. In addition it allowed banking institutions to provide a broader range of services, including underwriting and other dealing activities.
.
In the 8 years that ensued banks became massively overleveraged and the financial sector nearly collapsed in late 2008. To correct the error of a former Democrat President, Obama and his administration must re-implement the barrier that was so dangerously done away with in 1999. (It is not in the Dodd Frank Reform Bill)
.
2) Mortgage Crisis History
.
The American Dream of home ownership ran into the well intentioned but misguided fanaticism of socialist support t through governmental policies which twisted the dream to intend to provide it for all at unsustainable low cost. This was done despite the fact that not everyone is responsible enough to own and maintain a home. The banking system, as a long germ gatekeeper of home ownership, figured that out long ago. Not satisfied with the workings of the free market Congress created entities such as Fannie Mae &Freddie Mac to increase the percent of home ownership and even some States followed suit with smaller entities of a similar purpose.
.
After 5 decades these socialist economic policies distorted the housing market in this country and brought about a collapse. This well meaning effort to aid anyone who wanted to buy a home ended up in an actual 100% loan approval policy that spelled our doom by artificially pumped money into the housing market for decades.
.
Note that Congress privatized the program in 69 and encouraged the free market to support this two headed beast, along with State privatized entities of a similar purpose. Through privatization of Fannie & Freddie, Carters Community Reinvestment Act and Clinton’s repeal of Glass Steagall in 1999, they entangled the private market (AIG, Merryl Lynch, Banks etc.) in the mess as well. In the end, those who were encouraged to aid and abet that program are now suffering the consequences of the housing bust.
.
Socialism is the root of all evil in the current mortgage / credit crisis. We need to hold accountable those who sold the socialist economic policies responsible and vote them out of office. There is no free lunch and shame on any of us who knowingly voted for the fools who promised things that were too good to be true.
.
3) Go to youtube and look up the 2004 Fannie Mae hearings. See who was trying to prevent catastrophe and who was shooting for bonuses, 100% loan approvals, and claiming that Fannie / Freddie were solvent.
.
.
UNLESS YOU UNDERSTAND WHAT (& WHO) CAUSED SOMETHING, YOU CAN’T FIX IT.
As to FloridaAgent’s point about the idiot attorney filing against the D&O, generally the attorneys file against the defendant and the defendant presents the suit to their insurance carriers. To be safe the HOA may have sent the suit papers to their GL carrier and to the D&O carrier or their agent(s) may have. Travelers is just stating the obvious – no coverage under our D&O policy
Unless Zimmerman is/was on the board of directors or under direction of the board of directors, they have no valid claim. Personally if i was the opposing attorney i would filed under gl, but the opposing attorney appears to be a dumba@@@.
“The insurer issued its year-long policy to the gated community, Retreat at Twin Lakes, on March 30. Martin was shot about a month earlier on Feb. 26.”
Would this have not occurred before the policy was effective? Am I mising something here?
My understanding is that the policy in question was a D&O which is typically issued on a claims made basis with a retro date.
sure seems strange that they purchased a policy after the incident. shouldn’t they have had one in place all along?
They don’t say when it was effective, so it may have just issued late. What’s interesting to me is an association with a bodily injury exclusion – what? Who would sell an association a liability policy with a bodily injury exclusion?
In a gated community there are typically common areas which would require liability coverage.
I agree on the bodily injury exclusion. Isn’t that the reason the homeowners associaton would want the policy in the first place? What if someone gets injured in the pool or some other common area?
Someone who knows George Zimmerman and the fact he is neighborhood watch – sorry, couldn’t resist.
Captain Planet–next time, please resist. I’m hoping you aren’t really as big of an jerk as you make yourself sound in your posts.
Aren’t they referring to a D&O policy? They always have exclusions for bodily injury claims.
The liability portion of the individual homeowner/condo owner’s policies should provide coverage for any claims of negligent entrustment, regarding selecting Zimmerman as their roving armed guardian.. Prudent claim handling migh suggest putting forth some settlement money now to avoid the circus and defense costs of potential protracted litigation.
Rock Hill writes the GL and has already offered policy limits ($1M).
75,000 is not enough. I think the Martins should go for the most they can get because I have a feeling that Zimmerman will walk free after court. If these people backed him for his wrong doing, PAY UP. Although it will not ease the pain of the parents or bring their son back. It will show Stanford how to legally and properly handle a homicide in the future.
Rock Hill write the GL and has already offered policy limits.
I feel sorry for the parents loss of a child but based on what I have seen thus far in the media if this goes down as Zimmerman was standing his ground and a justified homicide it will be interesting to see if they can find liability. I understand that the HOA policy has offered limits but do not see why until it is determined that the HOA failed to meet it’s obligations.
I have heard conflicting stories about if Zimmerman was acting on behalf of the association or as an individual.
Time will tell what the whole story is.
I know what happened here first hand. The idiot attorney filed suit on the D&O policy which excludes BI in favor of the GL policy. Travelers writes the D&O, not the GL. GL is with another carrier and does cover BI. Really. Some of the comments on here are, well, retarded. Stupid is as stupid does. Now go sell something
This is a poorly written article. The author could have added in what type of policy the association had with Travelers. Travelers is asking to not even defend it. I think it is a D&O policy (guessing). I would not offer one cent to settle if I am in turn asking to not even defend the association.
There is another policy out there somewhere that would cover some of the liability. Travelers is also likely the carrier on the liability policy.
It is in fact a Travelers D&O. Rock Hill writes the GL
FloridaAgent can’t say it enough, apparently no one is listening.
Right on FloridaAgent…
Sensational headlines !!! Even in the “Insurance Journal”.
I am very very disappointed in the magazine. NO mention that the policy type (D&O) would always normally exclude such an exposure.
No mention that the GL has already offered up Policy limits.
NOT much RESEARCH prior to writing the article.
It even got emotional reactions HERE, where you would usually expect insurance professionals to ask for the “rest of the story”.
The Journal did itself no favors with this article, and will certainly make me question what else I might read here.
Yes, the really stupidest comment is “75,000 is not enough.” What if Trayvon was the instigator? Then someone should be suing HIS family.
I’m waiting for FloridaAgent to weigh in on this one until I make any comments…
I don’t want to speak for him but if I did he would say: “Travelers had a D&O policy. Rock Hill had the GL and has already offered policy limits.”
Again, I don’t want to put words in his mouth but I think he would approve of that statement.
I’m waiting for more information from the trial, but I don’t understand how “stand your ground” could apply to a man who was following a kid. I’m sure the kid was scared knowing a man was following him. It seems to me Trayvon was the one who was “standing his ground”. Even if Trayvon started the fight, Zimmerman was the instigator by following someone after dark, especially since he was expressly told not to by the 911 operator.
I am a little confused when you say ‘following a kid’. Anyone over 6 feet, wearing a hoodie on a rainy night is not going to look like a kid, but a full grown adult. Perhaps you’ve been looking at the well circulated pictures of Trayvon from his youth football days, taken years earlier versus the recent pics of him. Only time will tell what happens with this, but calling Trayvon a kid, implicating child, is really a stretch.
The article is not accurately titled when only 2 sentences of the article has to do with Travelers and insurance coverage issues.
If you want a good scare listen to the New Black Panthers call for a race war.
//www.breitbart.com/Breitbart-TV/2012/04/08/New-Black-Panthers-Call-For-Race-War-Blood-Shed-Kill-Crackers-For-Trayvon-April-9th-Day-of-Action.
.
Wonder when the Attorney General will send the FBI after these guys…………………he didn’t prosecute them for voter intimidation which probably just encouraged them,,,,,,,,but surely calling for killing cops and a race war would mean Holder would have to do something???? ………..Nahhhh , who am I kidding, Holder won’t do anything.
.
Perhaps I should not merely cling to my bible but take Obamas racist complaint/queue t to heart and pick up a gun to cling to as well.
.
FYI, the New Black Panthers and the “old” Black Panthers both support Obama and that may be why Eric Holder has done nothing about their intimidation tactics in 2008 nor this display of hate crimes activity & general threats of violence.
Obama’s power grab flouts Constitution
Blatant disregard of laws passed by Congress violates separation of powers
…Democrats and Republicans alike should be distressed by President Barack Obama’s disregard for constitutional limits on his authority. The president’s flouting of the separation of powers risks turning this country into something other than a representative democracy. Congress should move in a bipartisan rebuke of Obama’s overreach before he neuters that institution.
…In a blatant challenge to the legislative branch, Obama by executive order tossed out the Clinton-era welfare reform that required able-bodied aid recipients to work, saying the federal government will no longer enforce the law.
…This follows the president’s unilateral rewrite of immigration law, using an executive order to implement elements of the DREAM Act, which Congress refused to adopt. He also has thumbed his nose at the No Child Left Behind Act, and has put in place cap-and-trade carbon rules that were specifically rejected by Congress.
…He can’t do these things, by any reading of the Constitution. And yet he is. Because Congress, whose powers he is usurping, hasn’t risen to stop him.
…The Constitution separates powers between the legislative, administrative and judicial branches to more effectively limit government authority, and thus protect individual liberty.
…Obama apparently does not recognize those constitutional limits on his power.
…He is doing these things under the rallying cry of “We Can’t Wait,” contending that the gridlock in Congress caused by Republican gamesmanship is impeding his agenda.
…But this is how the founders intended government to work. The responsibility is on the president to forge a working relationship with Congress. Obama’s inability to do that does not give him the power to act unilaterally, even if it were true that the opposition wants to see him fail.
…The imperial presidency Obama is building should worry Democrats as much as it does Republicans. This has never been an “end justifies the means” nation. Even if you agree with the outcomes the president is seeking, his running roughshod over the rule of law should be objectionable, because the powers he is claiming will not be forfeited by the next Republican president.
…Democrats and civil libertarians rightly protested when former President George W. Bush used the war on terror to grab authority from Congress and the courts, particularly in regard to wire-tapping and detentions. We shared their concern then, and are even more chagrined now because Obama’s power grab comes in the domestic arena, where presidential authority is more tightly constrained than it is in dealing with national security.
…The founders were justifiably worried about an aggressive president using the office to claim dictatorial control of the nation. That’s why they so carefully limited and separated the powers.
…Every president has tried to push those limits, some with a degree of success. But few have so boldly rejected established law and taken it upon themselves to write and enact legislation.
…The Constitution doesn’t allow Obama to do that. Congress has the responsibility to tell him so.
Detroit News Editorial 8-7-12
Lean…AKA Drank – skittles, plus watermelon flavored ice tea (other kinds will do) plus robetussen cough syrup can be mixed to get you a good high. Popular in Rap culture.
Suddenly that bag of skittles and ice tea takes on a whole new meaning….Especially since Treyvon’s web posts extolled the virtues of Lean.
Treyvons prior run ins with the law and suspensions for marijuana and for having “burglary” tools at school are also disconcerting as compared to the little angel image his family and attorneys try to present.
WHO’S FAULT WAS THE BANKING CRISIS AND THE HOUSING BUBBLE BURST?
.
1) Banking Crisis & Glass Steagle – The smoking gun.
.
After the 1929 Stock Market Crash, in the midst of a nationwide commercial bank failure and the Great Depression, in 1933 two Congressmen put their names on what’s known today as the Glass-Steagall Act. The act separated investment and commercial banking activities. At the time, “improper banking activity”, or what was considered overzealous commercial bank involvement in stock market investments, was viewed as the main culprit of the financial crash. According to that reasoning, commercial banks took on too much risk with depositors’ money.
.
Under this act, only 10% of a commercial banks’ total income could come from securities. By creating such a barrier, the GSA was aiming to prevent the banking systems use of deposits in the case of a failed underwriting job.
.
In November of 1999 Congress repealed the GSA by establishing the Gramm-Leach-Bliley Act, that then President Bill Clinton signed. The act eliminated the GSA restrictions against affiliations between commercial and investment banks. In addition it allowed banking institutions to provide a broader range of services, including underwriting and other dealing activities.
.
In the 8 years that ensued banks became massively overleveraged and the financial sector nearly collapsed in late 2008. To correct the error of a former Democrat President, Obama and his administration must re-implement the barrier that was so dangerously done away with in 1999. (It is not in the Dodd Frank Reform Bill)
.
2) Mortgage Crisis History
.
The American Dream of home ownership ran into the well intentioned but misguided fanaticism of socialist support t through governmental policies which twisted the dream to intend to provide it for all at unsustainable low cost. This was done despite the fact that not everyone is responsible enough to own and maintain a home. The banking system, as a long germ gatekeeper of home ownership, figured that out long ago. Not satisfied with the workings of the free market Congress created entities such as Fannie Mae &Freddie Mac to increase the percent of home ownership and even some States followed suit with smaller entities of a similar purpose.
.
After 5 decades these socialist economic policies distorted the housing market in this country and brought about a collapse. This well meaning effort to aid anyone who wanted to buy a home ended up in an actual 100% loan approval policy that spelled our doom by artificially pumped money into the housing market for decades.
.
Note that Congress privatized the program in 69 and encouraged the free market to support this two headed beast, along with State privatized entities of a similar purpose. Through privatization of Fannie & Freddie, Carters Community Reinvestment Act and Clinton’s repeal of Glass Steagall in 1999, they entangled the private market (AIG, Merryl Lynch, Banks etc.) in the mess as well. In the end, those who were encouraged to aid and abet that program are now suffering the consequences of the housing bust.
.
Socialism is the root of all evil in the current mortgage / credit crisis. We need to hold accountable those who sold the socialist economic policies responsible and vote them out of office. There is no free lunch and shame on any of us who knowingly voted for the fools who promised things that were too good to be true.
.
3) Go to youtube and look up the 2004 Fannie Mae hearings. See who was trying to prevent catastrophe and who was shooting for bonuses, 100% loan approvals, and claiming that Fannie / Freddie were solvent.
.
.
UNLESS YOU UNDERSTAND WHAT (& WHO) CAUSED SOMETHING, YOU CAN’T FIX IT.
Smoked Salmon – what have any of your posts got to do with this article? Find another forum to post in.
As to FloridaAgent’s point about the idiot attorney filing against the D&O, generally the attorneys file against the defendant and the defendant presents the suit to their insurance carriers. To be safe the HOA may have sent the suit papers to their GL carrier and to the D&O carrier or their agent(s) may have. Travelers is just stating the obvious – no coverage under our D&O policy
they should have stated it was a D&O policy. I assumed GL, because, well….that’s where it would make sense to file a claim.
Marsha – you weren’t there. How the heck do you know exactly what happened? A phone call is not video.
Unless Zimmerman is/was on the board of directors or under direction of the board of directors, they have no valid claim. Personally if i was the opposing attorney i would filed under gl, but the opposing attorney appears to be a dumba@@@.