Financial Services Company Appeals No Coverage Ruling For $2.6M Employee Theft
(July 26, 2016, 11:19 AM EDT) -- CINCINNATI — A financial services company insured asked the Sixth Circuit U.S. Court of Appeals to reverse a lower federal court’s finding that there is no coverage under a financial institution bond or an errors and omissions insurance policy for claims arising from the alleged $2.6 million theft committed by the insured’s employee (Hantz Financial Services Inc., et al v. American Int'l Specialty, et al., No. 15-2237, 6th Cir.).
From January 2000 until he committed suicide in March 2008, Michael Laursen, an employee of...