Panel: Dishonest Entrustment Exclusion Bars Coverage For Jewelry Stolen In Mob Scheme

Mealey's (May 14, 2021, 2:03 PM EDT) -- NEW YORK — A New York appeals panel on May 13 held that an insurance policy’s dishonest entrustment exclusion bars coverage for a jeweler insured’s loss arising from $2.09 million in jewelry stolen by a mobster in prison, affirming a lower court’s grant of the insurer’s motion for summary judgment in the insured’s breach of contract lawsuit....

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