Insurance Claim – Forgery Coverage

By: Derek Hawkins//May 8, 2018//

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WI Court of Appeals – District III

Case Name: Leicht Transfer & Storage Company v. Pallet Central Enterprises, Inc.

Case No.: 2016AP2334

Officials: Stark, P.J., Hruz and Seidl, JJ.

Focus: Insurance Claim – Forgery Coverage

Leicht Transfer & Storage Company (Leicht) appeals summary judgments entered in favor of its various insurers: Travelers Property Casualty Company (Travelers); Acuity, A Mutual Insurance Company (Acuity); and Hiscox Insurance Company Inc. (Hiscox). Leicht was fraudulently overcharged for pallets, a cost it normally passed on to its customer, and, as a result, it incurred a loss. In granting summary judgment, the circuit court determined that Leicht’s loss was not covered under any of the policies issued by its insurers. Leicht argues the circuit court erred when it determined that neither the forgery coverage under its Acuity and Hiscox policies nor the liability coverage under its Travelers and Acuity policies covered Leicht’s loss. We affirm.

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Attorney Derek A. Hawkins is the managing partner at Hawkins Law Offices LLC, where he heads up the firm’s startup law practice. He specializes in business formation, corporate governance, intellectual property protection, private equity and venture capital funding and mergers & acquisitions. Check out the website at www.hawkins-lawoffices.com or contact them at 262-737-8825.

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