Art7 - The Monday Morning Memo

“An artist
is not paid
for his labor
but for his vision.”
– James McNeill Whistler

“In Charlotte, North Carolina, a lawyer purchased a box of very rare and expensive cigars. He then insured them against many other things, including fire. Within a month, he had smoked all 24 of these great cigars. And without having made even his first premium payment on the policy, the lawyer filed a claim against the insurance company. In his claim, the lawyer stated the cigars were lost in a series of small fires.

The insurance company refused to pay, citing the obvious reason that the man had consumed the cigars in a normal fashion. The lawyer sued and won.

In delivering his ruling, the judge agreed with the insurance company that the claim was frivolous. The judge stated, nevertheless, that the lawyer had a policy from the company which warranted that the cigars were insurable, and the policy guaranteed that it would insure them against fire without defining what was considered to be acceptable fire and was therefore obligated to pay the claim. Rather than endure a lengthy and costly appeal process, the insurance company accepted the ruling and paid $15,000 to the lawyer for his loss of the 24 cigars.

After the lawyer cashed the check, the insurance company had him arrested on 24 counts of arson.”

- Heh, heh, heh. – Indy Beagle

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