Insurer Wants 2nd Circ. To Toss Embezzlement Coverage Suit

By Daphne Zhang (October 25, 2021, 6:37 PM EDT) -- The Hanover Insurance Co. told the Second Circuit that a lower court erred by refusing to toss's suit against it over an alleged $180,000 embezzlement by a former brokerage executive, saying its policyholder's coverage action is time-barred. filed its coverage suit well after the policy's two-year limit for an insured to bring an action, so the policyholder's entire suit should be dropped, Hanover said in a brief Friday. The policy clearly states that a policyholder cannot bring a legal action two years after discovering a covered loss, and Sportsinsurance did not sue Hanover until March 2020, more than four...

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