HNRK Coverage Corner

This week at the Coverage Corner, we take a look across the river at a decision from the U.S. District Court for the District of New Jersey that held a dishonest employee’s multi-year scheme to steal money from his employer was one occurrence subject to the per-occurrence limit for a single policy year.  Whether a loss is the result of a single occurrence or multiple occurrences can be a critical question in coverage litigation.  We have previously written about the issue in the context of wildfire liability coverage and, like today’s issue, employee theft.

In today’s case ...