NEW YORK - Because an insured was deceived and its confidence was abused when it entrusted its property to a thief, its claimed property damage loss falls squarely within an insurance policy's entrustment exclusion, a New York judge ruled March 26, dismissing a breach of contract lawsuit against the insurer (Lexington Park Realty, et al. v. National Union Fire Insurance Company of Pittsburgh, PA., No. 651322/2011, N.Y. Sup., New York Co.)....(read more)![]()
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