People engaged in criminal conduct or conduct intended to causedamage to another often try to buy insurance coverage in casethey’re caught in the act. The attempt fails because they run afoulof the definition of insurance: it only protects against eventsthat are contingent or unknown at the time the policy is acquired.A Mississippi farmer named Mitchell Scruggs learned this lesson thehard way, after several years in court in multiple cases.

Patent Infringement Claim

Monsanto Company develops, manufactures, licenses, and sellsagricultural chemicals, agricultural biotechnology and otheragricultural products. After much research, Monsanto developedgenetically modified seeds that had several favorable traits, suchas resistance to herbicides and certain insects and pests.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.