Insured Says Misrepresentation Of Value Of Lost Property Was Not Material

(July 24, 2017, 10:37 AM EDT) -- DETROIT — An insured’s alleged misrepresentation of the value of property that was stolen did not warrant an insurance company’s rescission of the policy, a company tells the Sixth Circuit Court of Appeals in seeking reversal of a federal judge in Michigan’s decision to award summary judgment to ACE American Insurance Co (AMI Stamping LLC v. ACE American Insurance Company, et al., No. 16-2341, 6th Cir.)....