UPDATE: Insurance company won't pay for VertiGo failure

Posted | Contributed by Jeff

(Originally posted 2/12/03 9:11:28 AM) A Minnesota insurance company is refusing to pay Cedar Fair LP nearly $7.2 million in property damage claims for two torn-down VertiGo slingshot rides at Cedar Point and Knott's Berry Farm. The company says that because the rides could be repaired, following the collapse of one at Cedar Point, they were ineligible for compensation.

UPDATE: Brian Witherow, Director of Investor Relations for Cedar Fair, told CoasterBuzz this morning that, "We believe this court filing was made in error and will be withdrawn. We are currently in settlement discussions, which are proceeding in a satisfactory manner, and we expect this matter to be resolved shortly."

Read more from The Toledo Blade.

Vortex shedding is what happens when a Kings Island maintenance worker parks an Arrow coaster train and ties it down with a chain that is just a little bit too long, causing this to happen :)

Okay, enough of the fun and games. When air moving in a straight line hits an object, the airflow splits, goes around the object, and recombines on the other side. A low presure area forms on the lee side of the object which draws the passing air inward, causing a circular turbulence pattern to form on the back side of the obstruction. That turbulence will create a harmonic force perpendicular to the direction of air movement. Apply a harmonic force to an object at just the right frequency, and you can do real damage to it.

--Dave Althoff, Jr.

Ok Jeff, Gottcha, Maybe the park does have a case then. It definetly might be worth pursuing considering the SUM involved.

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Charles Nungester.
Confirmed, Lesourdsville Lake opening for 2003 details soon at Lesourdsville.com

I personally think CP is just greedy for money. Sure I'm happy that Cedar Point is thinking about safety. But they can repair the ride under S&S's payment. Overall I still think CP is greedy so they take the ride apart to get more money that they wasted on TTD.

Edit: Spelling

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RCT2 recreation of SFNE coming this spring!

*** This post was edited by XFan 2/12/2003 5:10:46 PM ***

My personal opinion? Cedar Point has a case with regard to the Cedar Point ride, but not as an insurance issue...at any rate, not as an insurance issue with their insurer. As for the Knott's ride...that would be a disagreement with the manufacturer; I don't see any kind of a loss involved with that one, as nothing failed!

But that's just me. I'm not a businessman; I think more like an engineer...it's not my place to argue such issues.

--Dave Althoff, Jr.

Parks also carry "Loss of Revenue" insurance for the major attractions. If this policy is in 'dispute' over the loss of the ride, Cedar Point may be searching other options.

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"Every Man Has Got to Know His Limitations"

Cedar Fair is a business, and a public one at that. If they deem the potential return for filing the insurance claim is higher than the potential costs, then they have an obligation to their unitholders to do so. They're *supposed* to be greedy; they are in business to make money. It just so happens that their preferred way of making money is selling us stuff we want at a price we are (usually) willing to pay (cough*$3pop*cough).

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http://www.eecs.umich.edu/~bnoble/

OH well.... will this possibly effect CP's plans for the future? For the

CP-nuts I hope not! I personally think it was a bad investment to start with

as was Mean Streak. Somehow I think CP will manage with its new

addition.... hopefully it won't include nine hour lines! (-=

Well, why didn't they tear down Perilous Plunge? It sounds like the park has removed nearly everything else. They searched for options to make that ride safer and someone actually did die on it, correct? At least they add lots of big coasters, so they can do anything they want! :)

-Danny

Jeff's avatar
XFan: What planet are you from? Cedar Point isn't a charity. They're in business to make money.

And "waste" money on Dragster? Right... just like every other park in the world that builds a new ride to attract more guests and make more money.

Perhaps you should take a business class, or read a book,

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

rollergator's avatar
Realistically, the insurance company SHOULD be paying *at least* the amount it would have cost for CP to fix THE ride that fell down....S&S should eat some IF Cedar Point had *reason to believe* that the storage was done according to specs. CP should eat some if that is not the case. And should the installer of the ride and their insurance company get away *scot-free*...don't think so...;)

As for the one at Knott's, did CF have reason to believe thaty the problem would occur again....that's a whole other ride, IMO...

...and you guys don't know half the story...

The phrase "So Close, Yet So Far" comes to mind when talking about the neogotiations between the insurance company and Cedar Fair. But, some people just can't be convinced.

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Jes
Jes's Roller Coasters DJ Jes
Six Flags Worlds Of Adventure Ride-Ops Crew 2002-2003(Have Fun Trying To Find Me!)

Jeff's avatar
And what is that supposed to mean? Is everyone speaking in tongues today?

See the update above, a statement we got this morning.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

Jeff: I came from the planet Earth. Cedar Point can have sue the company to get it fixed (ex: Six Flags and Arrow). I just dont understand why CP would go to insurance for money. It's their own fault that they removed the ride which is also waste of money when they don't have to pay to get it fixed S&S is the one who need to get it fixed. That way CP don't have to waste money removing the ride.

About TTD, Sure it will be a great ride but CP can do more than that. Why not put in overbanked turns? They can wait a year to save money to make it longer and better. Maybe because of space problems? Remember they said "We don't have space problem"? I think they are bluffing. They need to remove rides before putting in new coasters.

So I'm still on Insurance's side for this.

-Chris

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RCT2 recreation of SFNE coming this spring!

Why not put in overbanked turns? Well, CP has a bunch of those already. If you want 'em you can just stroll over to MF and ride em!

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- "I used to be in the audio/visual club, but I was kicked out because of my views on Vietnam........and I was stealing projectors" - Homer Simpson

...It means exactly what I said... there was more to this story than what we've been told, as is evident in that update.

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Jes
Jes's Roller Coasters DJ Jes
Six Flags Worlds Of Adventure Ride-Ops Crew 2002-2003(Have Fun Trying To Find Me!)

john peck's avatar
I had no Idea Janice was married to Brian. I guess I never knew his last name. How bout that, a Cedar Point Family. I guess every year, they will send their kids away to Camp Snoopy.
"Cedar Point can have sue the company to get it fixed (ex: Six Flags and Arrow). "

-HEADLINE- "Six people died yesturday at Cedar Point when a 265' thrill ride collapsed; furthermore, it wasn't the first time this happened"

Fixing a ride that had a catastrophic structural failure is by no means reasonable. The engineers overlooked one flaw that caused this accident, how can you say they didn't overlook another? If Cedar Fair did contiune to run this ride dispite the accident, they have a lot more to lose than just another tower on a ride. If Cedar Fair continued to run Vertigo and another failure cause people to die, the media will exploit it as far as they can like they do everything else. Cedar Fair can kiss tens to hundreds of millions of net revenues good by in that case.

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Last 2002 public ride on MF's front row

Jeff's avatar
Ding ding! Somebody give SteelMonsters a big SpongeBob. He wins!

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

Peabody: not just overbanked turns, they could add airtime hills, provide more thrills, otherwise it's just plain launch, tophat, then brakes. All Cedar Point want are speed and height. They should to get a rest. Let other parks have the glory for records.

SteelMonsters: Oh, I understand now. Thank you all for explaining clearly about this problem.

Jeff: Wow, what a nice prize to give SteelMonsters ;). But I think you are trying too hard to get back to me. I thought this site is all about your own opinions, also free speech. I was just express my feeling about this problem, but you just get up and trying to get back to me. It's not my fault that you love Cedar Point and willing to take their side anytime, even if they killed a lot of riders by mistake. But now I understand now. So I'm sorry.

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RCT2 recreation of SFNE coming this spring!

*** This post was edited by XFan 2/13/2003 1:02:58 PM ***

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