Dillon Gage v. Certain Underwriters
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December 03, 2021
Texas Ruling In $1.2M Gold Coin Theft Suit Boosts Insurer
A gold coin dealer lost more than $1.2 million because it accepted fraudulent checks in exchange for a set of coins, the Texas Supreme Court said Friday, in a ruling that could help the dealer's Lloyd's insurer avoid covering almost all the loss.
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September 30, 2021
Texas Justices Mull Policy Wording In Gold Coin Theft Case
The Texas Supreme Court questioned the meaning of the phrase "consequent upon" during oral arguments in an insurance coverage dispute Thursday, trying to determine whether a gold retailer's losses resulted from its acceptance of fraudulent checks, and whether alleged shipping errors were an independent, covered reason for the losses.
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April 16, 2021
Texas Justices Take Up Gold Coin Theft Coverage Battle
The Texas Supreme Court on Friday agreed to consider if a gold retailer's losses were caused when it handed over gold coin shipments based on fraudulent checks, triggering an insurance policy exclusion, and whether alleged shipping errors were an independent, covered reason for the losses.