Businessowners special insurance policy found not to cover defense of fraud counterclaim for missing 5.56-carat pink diamond

Cary, N.C.-based The Pantry, Inc., has formed Cellarium Insurance Company, Inc., a pure captive insurance company.

Cary, N.C.-based The Pantry, Inc., has formed Cellarium Insurance Company, Inc., a pure captive insurance company.

A federal district court in Michigan has ruled that a homeowners insurance policy was void where the insured sought coverage for property allegedly stolen from him that he had not said he owned several years earlier when he had entered bankruptcy.

An intermediate appellate court in New York ruled that insureds were entitled to coverage under the In Transit clause of an insurance bond for losses they sustained while their cash was being processed at a vault in between the Federal Reserve Bank and the insureds check-cashing businesses.

The bankruptcy of insured directors did not relieve the insurer that had issued a D&O endorsement to a CGL insurance policy of the obligation to defend or indemnify them, even where they had been dismissed from the lawsuit, an appellate court in Wisconsin has ruled.

The bankruptcy of insured directors did not relieve the insurer that had issued a D&O endorsement to a CGL insurance policy of the obligation to defend or indemnify them, even where they had been dismissed from the lawsuit, an appellate court in Wisconsin has ruled.

An Illinois appellate court has affirmed a trial courts decision that a homeowners insurance carrier had no duty to defend its insured in a lawsuit where a man alleged the insured stabbed him with a knife in a fistfight, finding that the lawsuit failed to allege an accident.