Texas Panel Reverses Take-Nothing Judgment In Coverage Suit Over Fraud Scheme

Mealey's (March 14, 2023, 1:27 PM EDT) -- DALLAS — A Texas appeals panel on March 13 held that an insured’s employee committed theft by unlawfully taking $346,612 in commissions and, therefore, crime coverage was triggered under an insurance policy’s “Employee Theft” provision, reversing a lower court’s take-nothing judgment in favor of the insurer and remanding for further proceedings....