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"Case Studies" > Insurance - Coverage > Did Plaintiff’s Fidelity Policy Cover Employee Fraud?

Did Plaintiff’s Fidelity Policy Cover Employee Fraud?

Summary:


The perpetrators devised a simple but effective scheme to manipulate the
trusting home office. This flow chart was used to “follow the money” and
prove how the fraudulent acts resulted in losses to the insured.

In a precedent-setting case for one of the nation’s largest insurance companies, the plaintiffs were able to effectively demonstrate that secondary effects caused by criminal acts of an employee should be covered by the fidelity policy in dispute. As a result of superb lawyering, the settlement recovered both policy limits and legal expenses.


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