Summary:
Plaintiff never disclosed that he had previously collected on losses of art
works due to theft and fire on at least five other occasions from seven
different insurance companies.
Plaintiff, a reportedly high volume fine art dealer who claimed that over $600,000 of merchandise was stolen from his new art gallery, sought compensation under a policy from defendant insurance company. During the claims adjustment investigation, several irregularities were discovered in the application for the policy, which caused the company to deny the claim.
