Skip to content

menu

Financial Institutions Legal Snapshot logo
HomeAboutContact
Search
Close
GeneralInsuranceBankingHealthcare
View topics Archives
Subscribe

Financial Institutions Legal Snapshot

South Africa and global insurance, financial institutions, banking and general law know–how

Commercial crime

Subscribe to Commercial crime via RSS

Payments to third parties under commercial crime policies

Photo of Caroline Theodosiou
By Caroline Theodosiou on February 18, 2016

Payments to third parties do not qualify as a “loss” under commercial crime policies because such payments are not an “unlawful taking” by the employee.

The United States District Court (New Jersey) recently had occasion to consider the interpretation of two commercial crime policies. The policies covered losses for “employee theft” stating that:

“We will…

Posted in Insurance

Financial Institutions Legal Snapshot

Facebook Twitter RSS LinkedIn
Published by
Norton Rose Fulbright LLP logo
DisclaimerPrivacy policy

About

Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

Read more

Topics

Archives

Copyright © 2025, Norton Rose Fulbright LLP. All rights reserved.