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.).

$2.6M Theft

From January 2000 until he committed suicide in March 2008, Michael Laursen, an employee of...
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