Introduction
In 2015, American and Canadian courts released a number of decisions of interest to fidelity claims professionals. Many of the decisions affirmed the coverage intent of fidelity insurers in the face of creative arguments from insureds. Courts released several notable coverage decisions concerning the direct loss requirement; the employee theft coverage; the computer fraud and funds transfer fraud coverages; and the securities coverage, as well as specialized coverages under financial institution bonds. Courts also released significant decisions concerning the inventory exclusion, the ownership condition and misrepresentation in the bond application, among other issues.
To mark the first year of Blaneys Fidelity Blog, we are pleased to present Blaneys Fidelity Year in Review, which provides summaries of the decisions that appeared on the Blaneys Fidelity Blog in 2015, along with one other decision that did not make the Blog.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.