Insured's Ignorance Of Grace Period's End No Excuse: Judge

Law360 (March 9, 2018, 7:45 PM EST) -- A Pennsylvania federal judge ruled Thursday that Cincinnati Insurance Co. needn't pay more than $100,000 to Wescott Electric Co. in connection with a decadelong, multimillion-dollar employee theft, saying that, in the string of policies Wescott bought, it should have known of the eventual discontinuation of a one-year grace period for claims reporting.

U.S. District Judge Gene Pratter granted Cincinnati's motion to dismiss the suit on what he said are simple matters of policy language. Wescott bought policies in 2004, 2007, 2010 and 2013. The first two...
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