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News, Notes and Historical Information on the St. Louis Cardinals

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February 2, 2006

Insurance Fraud?

by @ 5:32 pm. Filed under 2006 Season

This was posted all over the Yahoo Baseball page today.  It appears that the Cardinals are trying to collect on a pollution liability policy while the insurance company, Greenwich Insurance Co., is trying to claim that the Cardinals are making a false claim some cleanup costs involved with the construction of new Busch Stadium.  Apparantly the Cardinals are claiming that there were no prior environment audits or studies while the insurance company says that studies were done in 1995 and 1996, and both showed contamination.  We’re talking about $14 million here, which is no small sum.

You can read the St. Louis Post-Dispatch’s version of the same story here.

One Response to “Insurance Fraud?”

  1. The Gas House Gang - News, Notes and Historical Information on the St. Louis Cardinals Says:

    [...] Cardinals president Mark Lamping defended the Cardinals on Thursday, saying that the insurance claim they filed for the environmental cleanup costs on the site of New Busch Stadium was a valid one.  I wrote late last week about how Greenwich Insurance Co. was denying the claim because they feel past studies were performed on the site and they showed the Cardinals knew there was contamination prior to taking out the policy.  Greenwich is also saying that the Cards didn’t inform the insurance company that they were going to build a new stadium on the site. [...]

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