Fisker Automotive to End XL Insurance Lawsuit

Fisker Automotive Inc has resolved its lawsuit accusing XL Group Plc of denying it insurance coverage over flooding from Superstorm Sandy that destroyed 338 of its Karma plug-in hybrids. Karmaplug-in hybrids were located at a shipping facility in Port Newark, New Jersey, where they had been unloaded from ocean vessels and were waiting to be delivered […]