(Download) "Roney V. Federal Insurance Co." by Sixth Circuit. United States Court Of Appeals * Book PDF Kindle ePub Free
eBook details
- Title: Roney V. Federal Insurance Co.
- Author : Sixth Circuit. United States Court Of Appeals
- Release Date : January 07, 1982
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 59 KB
Description
Federal Insurance Company (Federal) appeals from an order of summary judgment in which the United States District Court for the Eastern District of Michigan held that Wm. C. Roney & Company (Roney) was insured under a broker's blanket bond issued by Federal for losses caused by certain acts assumed by the District Court for purposes of the summary judgment motion to be dishonest and fraudulent acts by one of Roney's brokers. Federal denied coverage under the bond because of Roney's failure to disclose alleged acts of dishonesty by the broker in his prior employment. In addition to declaring coverage the District Court held that absent any inquiry by Federal, Roney had no duty to disclose any dishonest acts by its employees which occurred before their employment with Roney.
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