Travelers Off Hook For Employee Theft Row, NY Court Says

Law360, Chicago (April 18, 2013, 1:44 PM EDT) -- A New York state appeals court on Wednesday affirmed Travelers Indemnity Co. of Connecticut's victory on insurance agent SCS Agency Inc.'s claim seeking indemnification for a medical group's suit that accused SCS of failing to tell it about a reduction in coverage for employee dishonesty.

The Second Judicial Department of the New York Supreme Court's Appellate Division upheld the summary judgment ruling for Travelers against that claim in SCS' third-party complaint, saying an agreement between the companies did not require indemnity payment given the notice that...
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