An insurance company is refusing to pay $1.6 million to settle a lawsuit filed in Fort Lauderdale, Fla. between a shipbuilder and Tiger Woods over use of the golfer’s name and a photograph of his luxury yacht “Privacy” to promote the company.
St. Paul Fire and Marine Insurance Co. of Minnesota filed its own lawsuit Thursday in federal court contending that Christensen Shipyards Ltd. agreed to the settlement on April 24 without the approval of the insurance company.
St. Paul is asking a federal judge to declare that the settlement with Woods should be paid entirely by Vancouver, Wash.-based Christensen or that St. Paul’s share of the payment be limited to a $1 million cap cited in its policy with Christensen.
Woods and wife Elin sued Christensen in October 2004 claiming the shipbuilder breached its contract by improperly using the names and images of Woods, his wife and the yacht for its own commercial gain.
The contract said Christensen was not to publicly disclose the name of the yacht or the yacht’s owner.
Christensen’s attorney in Miami, Leslie Lott, did not immediately return a telephone call seeking comment Friday.
Was this article valuable?
Here are more articles you may enjoy.
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
