Kentucky Panel: Insured Fails To Show It Suffered Loss Due To Employee Theft

(March 13, 2017, 3:29 PM EDT) -- FRANKFORT, Ky. — A Kentucky appeals panel on March 10 affirmed a lower court’s ruling that threw out an insured’s breach of contract, bad faith, unfair claims practices and misrepresentation claims against its insurer, finding that because the insured failed to make a prima facie showing that it incurred a loss due to employee theft, the use of inventory calculations is not permitted (Khazai Rug Gallery, LLC v. State Auto Property & Casualty Ins. Co., No. 2016-CA-000129-MR, Ky. App., 2017 Ky. App. Unpub. LEXIS 187)....