Employee Theft Constituted 1 Occurrence Under 1 Policy, Federal Judge Says

Mealey's (March 9, 2018, 1:04 PM EST) -- PHILADELPHIA — A Pennsylvania federal judge on March 8 held that a $3 million employee theft against an insured that spanned a decade constitutes only one “occurrence” under only one of the insured’s four consecutive insurance policies, granting the insurer’s motion to dismiss a breach of contract suit (Wescott Electric Company v. Cincinnati Insurance Company, No. 17-4718, E.D. Pa., 2018 U.S. Dist. LEXIS 37938)....