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Fidelity Bonds Must Cover Embezzlement, Credit Union Says

By Josh Liberatore (June 8, 2022, 2:28 PM EDT) -- A credit union seeking coverage for millions in embezzled funds sued its fidelity bond insurers in Georgia federal court, alleging that the insurers secretly amended policy language to escape covering "virtually any catastrophic loss" without running the changes by their policyholder or obtaining federal approval....

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