North Carolina Product Liability Blog
Recently we wrote about the recent call for regulations to be imposed on the parasailing industry. Now an insurance company, Marine Specialty Management, has been ordered to finish paying $100,000 in the deaths of two people back in 2009.
president of Marine Specialty Management, Craig Reynolds, had been ordered last December to pay $100,000 as part of an insurance claim for the deaths.
Reynolds' company was ordered in federal court in Wilmington on Thursday to pay the remaining $40,000 to settle the matter.
The couple had been allowed to go parasailing even though a tropical storm was approaching. The boat was operated by Ocean Isle Beach Watersports and NC Watersports. The article can be found here.