Six months after a harrowing boating accident caught on surveillance video, nightlife entrepreneur and high-end developer Michael Capponi is having trouble getting the boat’s insurance company to pay for the damages and his passenger’s medical bills.
The England-based Great Lakes Reinsurance claims Capponi lied by omission on his application for coverage by not coming clean about a DUI conviction.
Great Lakes has asked a federal court in Miami to weigh in on the controversy, and the records filed by the company also show Capponi had an incident with the same boat a year before he slammed into a seawall, nearly killing himself and gal pal Brooke Biederman.
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Capponi first applied for coverage for his 25-foot Chris Craft Corsair in 2009. He believed he was covered for $500,000 in third party liability and $120,000 for the boat.
In February 2014, according to Great Lakes, he ran the Corsair aground and filed a claim for $70,000.
The insurance company paid but now wants Capponi to give back the money.
Then, on March 20, Capponi slammed the vessel into a seawall near the Miami Beach Coast Guard Station.
Coast Guard video footage of the crash, where it appears the motorboat was traveling at a high speed, went viral online.
Capponi suffered several broken bones, while Biederman is still recovering after being rushed to a hospital in critical condition.
Now, the boat’s insurer says Capponi and Biederman are out of luck when it comes to getting compensated, even if authorities found no reason to charge Capponi criminally in connection with the accident.
“[Capponi] misrepresented and/or failed to disclose material facts regarding a criminal conviction in 2002 for driving under the influence,” the insurer’s court papers state, rendering the policy null and void.
Capponi, however, says in a text: “It’s just an insurance company trying to get out of paying a claim, that’s all.”
Rapper Lil Wayne has to pay $2,003,200 for the judgment in a lawsuit brought against him by the owners of a Gulfstream II private jet he was leasing.
After making payments on time for a while, the singer of Lollipop just stopped covering the sky-high bills.
The breach-of-contract and unjust-enrichment lawsuit, filed last year in a Miami-Dade County court, shows he agreed to a 36-month, $55,000-a-month lease contract with the Miami-based private jet company Signature Group.
Weezy was also to pay maintenance fees of $1,980 an hour, with a 30-hour monthly minimum, plus $500 per landing and, of course, fuel and on-board goodies.
And before he started flying all over the world, the seizure-prone singer had the aircraft outfitted with a custom-made bed and fancy medical equipment.
The lawsuit shows the checks stopped coming in early 2014. Signature considered cutting him off in mid-2014, but Lil Wayne, whose real name is Dwayne Carter, convinced the company to let him use the plane.
Lil Wayne was finally grounded after he racked up $1 million in unpaid bills. That amount grew to $2 million during an audit and the application of 18 percent interest fees.
Lil Wayne tried to have the lawsuit tossed this summer, to no avail.
The singer’s people and Signature finally reached an agreement Thursday, according to a source familiar with the case.
Neither Signature’s attorney, Miami’s David M. Goldstein, nor Lil Wayne’s attorney commented.