Judge: Theft Over Multiple Days Only A Single Occurrence Under Insurance Policy
(June 24, 2016, 12:52 PM EDT) -- FRESNO, Calif. — Insureds are not entitled to multiple occurrence coverage under the terms of a business insurance policy because even though their business merchandise was stolen over the course of multiple days, it is still considered to be only one “occurrence,” a federal judge in California ruled June 9 (Patrick E. Patterson, et al. v. American Economy Insurance Co., No. 14-1281, E.D. Calif.; 2016 U.S. Dist. LEXIS 75538).
(Order available. Document #07-160627-011R.)
Patrick Patterson and Kris Lynn-Patterson purchased a business insurance policy from American Economy...