Carrier Exception To Exclusion Applies To Allow Coverage For Stolen Wine/Liquor

Mealey's (September 22, 2017, 1:42 PM EDT) -- NEW YORK — Rejecting an insurer’s appeal, the Second Circuit U.S. Court of Appeals on Sept. 21 affirmed a lower federal court’s finding that a carrier exception to an insurance policy's dishonest acts exclusion applies to allow coverage for an insured's $1,155,480 claim arising from 4,095 cases of allegedly stolen wine and liquor (Warehouse Wines & Spirits v. Travelers Property Casualty Co., 16-2611, 2nd Cir., 2017 U.S. App. LEXIS 18239)....