A New York appeals court referred a matter to trial on the issue whether a bank could seek coverage under a fidelity bond issued by an insurer for losses, after the bank’s employee mishandled a $20 million loan to a developer. The relevant issue is the employee’s intent.
There would have to be evidence that
Where the evidence demonstrates that a written contract does not express the true intention of the parties, the courts will read the contract as the parties intended it.
A US supreme appeal court found that Harleysville Insurance Company did not have to cover a police officer under a section of their policy covering law enforcement