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N.Y. Church Sues Insurer Over $1.2 Million Thefts Blamed on Priest

East News • January 26, 2006
A Roman Catholic church in Manhattan has sued the Travelers Casualty and Surety Co. charging breach of contract, claiming the insurance carrier has improperly refused to pay $1.22 million stolen ...

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Subject: RE: RE: RE: RE: RE: RE:correction To 'Anti-Atheist' (& pr

Posted On: January 31, 2006, 8:10 am CST
Posted By: ozymandias
Comment:
Denial of coverage could come from various reasons, one being that there might not be cover for the kind of felony related in here. This is the kind of claim that is clearly included in a "fidelity" coverage of the type that banks and financial institutions take. If it were a "theft & larceny" cover then this claim is surely out of bounds. I should see the conditions' texts to be sure about it. The news does not give us a clue. I don't believe there's foul play on the part of the insurer but rather a confusion about what is covered and what is not by church authorities. If there IS cover, the courts will condemn insurers to pay the claim in full, plus legal costs & expenses which usually are at least twofold the indemnity. Insures are well aware of this and do not take unnecessary (and very costly) risks, for which they are not covered themselves...
Subject Posted By Posted On
We never learned why insurers rejected liablity ozymandias
Nov 23, 2009, 4:57 am
RE: RE: RE: What happened to the original story? Ozymandias
Jan 31, 2006, 6:25 pm
I'm leaving on holidays Ozymandias
Jan 31, 2006, 1:55 pm
RE: RE: What happened to the original story? Yogi
Jan 31, 2006, 1:42 pm
RE: What happened to the original story? Big Insurance
Jan 31, 2006, 1:24 pm
Fine feathers doesn't make fine birds Ozymandias
Jan 31, 2006, 11:04 am
RE: Policy conds. & next-to-las religion-related message P.B. Shelley
Jan 31, 2006, 9:37 am
Policy conds. & a (hopefully) last religion-related message ozymandias
Jan 31, 2006, 9:18 am
RE: RE: RE: RE: RE: RE:correction To 'Anti-Atheist' (& pr P.B. Shelley
Jan 31, 2006, 8:22 am
RE: RE: RE: RE: RE: RE:correction To 'Anti-Atheist' (& pr ozymandias
Jan 31, 2006, 8:10 am
RE: RE: RE: RE: RE:correction To 'Anti-Atheist' (& prior Kevin M. Ryan
Jan 31, 2006, 7:45 am
What happened to the original story? Lynn Edwards
Jan 31, 2006, 7:27 am
RE: Great exchange ozymandias
Jan 31, 2006, 6:50 am
Great exchange Big Insurance
Jan 30, 2006, 4:48 pm
RE: RE: RE: RE:correction To 'Anti-Atheist' (& prior mess P.B. Shelley
Jan 30, 2006, 10:19 am
RE: RE: RE:correction To 'Anti-Atheist' (& prior message) ozymandias
Jan 30, 2006, 10:00 am
RE: RE:correction To 'Anti-Atheist' (& prior message) P.B. Shelley
Jan 30, 2006, 9:04 am
RE:correction To 'Anti-Atheist' (& prior message) Ozymandias
Jan 30, 2006, 8:53 am
RE:correction To 'Anti-Atheist' P.B. Shelley
Jan 30, 2006, 8:25 am
RE: RE: RE: To 'Anti-Atheist' P.B.Shelley
Jan 30, 2006, 8:22 am
RE: RE: To 'Anti-Atheist' Ozymandias
Jan 30, 2006, 7:36 am
RE: To 'Anti-Atheist' P.B. Shelley
Jan 27, 2006, 3:31 pm
To 'Anti-Atheist' ozymandias
Jan 27, 2006, 3:17 pm
RE: RE: RE: RE: Catholic Church Lawsuits ozymandias
Jan 27, 2006, 2:48 pm
RE: RE: RE: Catholic Church Lawsuits P.B. Shelley
Jan 27, 2006, 7:45 am
RE: RE: RE: Catholic Church Lawsuits Rate Maker
Jan 26, 2006, 7:18 pm
RE: RE: Catholic Church Lawsuits Incredulous
Jan 26, 2006, 4:45 pm
RE: Catholic Church Lawsuits P.B. Shelley
Jan 26, 2006, 3:47 pm
Catholic Church Lawsuits Anti-Atheist
Jan 26, 2006, 3:32 pm
RE: Not only the papists are child molesters... P.B. Shelley
Jan 26, 2006, 2:24 pm
RE: Not only the papists are child molesters... Christian
Jan 26, 2006, 2:21 pm
Not only the papists are child molesters... ozymandias
Jan 26, 2006, 1:37 pm
RE: two faced housetop
Jan 26, 2006, 1:19 pm
two faced victim
Jan 26, 2006, 12:39 pm
may not have been... John
Jan 26, 2006, 12:36 pm
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