August 31, 2022
The North American unit of a multinational auto parts manufacturer slammed its insurer's bid to rescind crime coverage for nearly $700,000 it lost in a wire fraud scheme, saying Monday that a questionnaire it signed before being issued its policy contained vague questions that it answered truthfully.
August 04, 2022
The North American unit of a multinational auto parts manufacturer can't get coverage for nearly $700,000 it lost in a wire fraud scheme, its insurer told a Michigan federal court Thursday, saying the company misrepresented its security procedures when it applied for crime insurance.