If VW admitted the automaker hacked its own cars to deceive U.S. regulators about how much their diesel engines pollute, does that mean their coverage will not provide defense because they admitted liability?
one could also argue there is no coverage for intentional act; however, intentional act is not excluded by the policy – only expected or intended injury. There could be no coverage if one argues they intended to harm mankind.
the whole scenario is unbelievable. the time frame alone is ridiculous. how many years did it take the regulators to find this? why not just a couple of weeks of testing, instead of years and years?
and why couldn’t they simply put emissions testing equipment on a sample of cars and drive them to discover the true emissions, instead of relying on the manipulated on-board equipment?
it is all totally bizarre.
Why did it take so long for the GM ignition switch issue to be made public? How about a quick answer. This is the Federal Government and bureaucratic regulators.
or consider that most of the testing is done by private companies that bid on the opportunity to test the vehicles and then give feedback. similar to financial crisis…
Anybody want to invest in VW stock right about now? Good deals may be had.
“The delay between VW’s confession and the U.S. exposure of the scandal occurred as regulators prepared their response to the disclosure”.
This gave all the regulators time to take short positions on VW’s stock.
If VW admitted the automaker hacked its own cars to deceive U.S. regulators about how much their diesel engines pollute, does that mean their coverage will not provide defense because they admitted liability?
one could also argue there is no coverage for intentional act; however, intentional act is not excluded by the policy – only expected or intended injury. There could be no coverage if one argues they intended to harm mankind.
Lack of an “occurrence” as well.
the whole scenario is unbelievable. the time frame alone is ridiculous. how many years did it take the regulators to find this? why not just a couple of weeks of testing, instead of years and years?
and why couldn’t they simply put emissions testing equipment on a sample of cars and drive them to discover the true emissions, instead of relying on the manipulated on-board equipment?
it is all totally bizarre.
Why did it take so long for the GM ignition switch issue to be made public? How about a quick answer. This is the Federal Government and bureaucratic regulators.
or consider that most of the testing is done by private companies that bid on the opportunity to test the vehicles and then give feedback. similar to financial crisis…
so much for “clean” diesel; will they be cleaning house?
And they say there is too much government regulation and interference…