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Still Sensible

(2,870 posts)
Wed Apr 19, 2023, 11:43 AM Apr 2023

I assume that much, if not all, of the settlement will be paid from insurance

Corporations typically carry both general liability insurance as well as errors and omissions coverage. The latter is used to protect not only the corporation, but individually its board members and executives. I would love to know how much of the settlement Faux's corporate insurance is paying.

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Response to Still Sensible (Original post)

Chainfire

(17,178 posts)
3. Hopefully they have written the first of many big checks.
Wed Apr 19, 2023, 12:09 PM
Apr 2023

When Smartmatic gets through with them, it will be the time for ambulance chasers to start going after them for the individuals that have been harmed by Fox's lies.


former9thward

(31,515 posts)
7. If there are no individual suits now there will not be any.
Wed Apr 19, 2023, 01:12 PM
Apr 2023

Time limits. But aside from that corporations can sue because they can afford the enormous legal fees. Individuals can't afford to put out that much money in advance and lawyers will not take them on a contingency because there is too much risk.

Chainfire

(17,178 posts)
8. I think that there will be, if from no one else than from the shareholders.
Wed Apr 19, 2023, 02:34 PM
Apr 2023

Fox just gave away nearly a billion dollars of their money!

dutch777

(2,690 posts)
5. Many insurance policies don't pay if the act was negligent. Given the facts they knowingly lied...
Wed Apr 19, 2023, 12:25 PM
Apr 2023

...it is possible insurance won't pay. It was not an honest error. If you know your house has a structural issue that could cause collapse in high winds, and you do nothing about it and a wind storm knocks the house over, most insurers can walk away without paying.

Ocelot II

(114,580 posts)
10. Your homeowner's policy will normally cover acts of ordinary negligence,
Wed Apr 19, 2023, 03:50 PM
Apr 2023

Last edited Wed Apr 19, 2023, 04:28 PM - Edit history (1)

as if some slipped and fell on your icy sidewalk. What they won't cover is most intentional torts, like if you beat someone up. Since Fox's defamation of Dominion was clearly intentional and knowing, I am wondering whether their business liability insurance will cover it. They might have specific coverage for it, though.

sarisataka

(18,064 posts)
6. It would depend on how much
Wed Apr 19, 2023, 12:50 PM
Apr 2023

Liability they have and how many policies it will be spread across

It is very possible insurance will pay it all

Ocelot II

(114,580 posts)
12. Most liability policies don't cover intentional torts, but there is such a thing
Wed Apr 19, 2023, 04:27 PM
Apr 2023

as defamation insurance coverage for media outlets. If anybody needs defamation coverage it would be Fox.

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