https://www.youtube.com/watch?v=X1tjqFbvnes In March 2015, well-known entrepreneur Capponi was at the helm of his 25-foot Cris Craft Corsair motorboat when he claims he fainted. The boat, seemingly at full throttle, slammed head on into a seawall by the Miami Beach Coast Guard Station, seriously injuring Capponi and his female rider, Brooke Biederman.

The Coast Guard’s security video caught the crash and the footage of the harrowing incident went viral.

Within weeks, however, Great Lakes Reinsurance filed suit to get a judge to declare whether it needed to pay for the totaled boat and medical treatment for the riders. The company claimed it shouldn’t because Capponi lied on his insurance application when he claimed no criminal arrest.

Great Lakes figured out Capponi had been arrested for DUI in 2002 and he was convicted in 2003. Had it known, the company claims it would have charged Capponi a premium much higher than the $3,500 a year he was paying, or it would have refused to insure him on the water for $500,000.

Capponi argued the application asked for his history for just a period of five years, and his arrest came way before he asked for insurance.

Great Lakes also wanted the judge to force Capponi to pay back a $70,000-claim it paid Capponi for a February 2014 grounding of the same boat.


Case was settled out of court.....

What scum bags.

Payed out $70k for grounding a boat and now he hits a wall head on with the same boat? Maybe this guy needs a new hobby. .. and what was the women doing that was in the boat while it was heading straight for the wall? If you don`t know anything about boats you`d at least know to turn the wheel. Fishy.

Does not look legit, no wonder the insurance company questioned it.

anyways, anyhow, that must have hit hard !!!

I'm not familiar with that model boat. They paid a 70k claim for grounding it? How much is it even worth?

You could just change your screen name to: "Mr. Avatar" ........... just say'n ;-)

The insurer paid out 70k in 2014 to the same guy on the same boat.
Why didn't they argue that claim for the same 'failure of disclosure' reason they argued this time?

I'm not surprised they settled out of court, there's a lot they haven't reported.

RR

Is the last name spelled correctly??

So you think she has acute throat pain?