February 20, 2025
A Louisiana federal court rejected most arguments made by an insurer seeking to avoid professional liability coverage of a broker whose former employee stole policy premiums and failed to secure insurance for clients, leaving the company to cover around $1 million in Hurricane Laura damage.
April 12, 2023
An insurer told a Louisiana federal court Wednesday that it can deny professional liability coverage to a broker whose former employee stole policy premiums, leaving the company to cover around $1 million in hurricane damages.
January 26, 2023
Landmark American Insurance Co. shouldn't be allowed to remove the names of individual customers from the caption of a suit the insurer filed against a broker over coverage for an employee's theft, the broker told a Louisiana federal judge, accusing the carrier of trying to "whitewash" case details.
May 05, 2022
An insurance broker whose former employee stole customer premiums and failed to bind policies is entitled to some coverage from its liability insurer, a Louisiana federal judge ruled, finding that only certain claims fall under a conversion exclusion.
April 28, 2022
A Louisiana federal judge tossed a fidelity bond insurer's bid for a judgment that it doesn't have to pay for losses suffered by an insurance broker whose former employee stole customer premiums, finding that the policy in question offers coverage for some types of indirect loss.
April 20, 2022
An insurance broker whose former employee stole customer premiums told a Louisiana federal court that its fidelity bond insurer can't get out of covering it for all losses related to the theft, saying its policy doesn't exclude coverage for liability to third parties.
March 28, 2022
An insurance broker seeking to recover losses stemming in part from an employee theft told a Louisiana federal court that its liability insurer waived its defense to coverage by sending an attorney over on what turned out to be a spying mission.