Insured Asks 7th Circuit To Reverse No Coverage Ruling For $5M Theft Claim
(August 24, 2016, 9:26 AM EDT) -- CHICAGO — A telecommunications company insured has asked the Seventh Circuit U.S. Court of Appeals to reverse a lower federal court’s dismissal of its breach of contract and bad faith claims in a coverage dispute arising from an alleged $5 million theft of property and inventory (Telamon Corp. v. The Charter Oak Fire Insurance Co., et al., No. 16-1205, 7th Cir.).
Telamon Corp. purchased a commercial property insurance policy from The Charter Oak Fire Insurance Co. and a crime insurance policy from Travelers Casualty and Surety...