Don't want ads? Subscribe or login now.

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...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Complaint

Case Information

Case Title

SOUTHERN PINE CREDIT UNION v. COACTION GLOBAL, INC. et al

Case Number

7:22-cv-00052

Court

Georgia Middle

Nature of Suit

Insurance

Date Filed

June 07, 2022

Recent Articles By Josh

March 17, 2023
Insurer Can Bring Suit To Avoid Covering Rape Claims
March 17, 2023
Insurer, Brokers Want Out Of Ex-NFL Player's Coverage Suit
March 16, 2023
Failed Banks Should Be Covered For Class Actions, Attys Say
March 15, 2023
Calif. Bank Seeks $1M In Coverage For Wire Fraud Scheme
March 14, 2023
Insurer's Win Thrown Out In Tax Firm Crime Coverage Suit
March 13, 2023
Insurer Settles With Builder Booted From High-Rise Project
March 10, 2023
Condo Board Accuses Travelers Of Abruptly Pulling Coverage
March 09, 2023
Allstate Must Add UIM Coverage To Policy, 4th Circ. Told
March 09, 2023
Broker Can't Trim $10M Insurance Suit, Staffing Co. Says
March 08, 2023
4th Circ. Gives Insurers Hope In Towers Watson Bump-Up Row