Dishonesty Claim Questions On The Rise
Tuesday, March 19th, 2002 Fraud PropertyIs it the economy? A freakish alignment of the stars? Or another example of changing market conditions? Regardless, we here at FC&S have fielded a flurry of questions about coverage, or lack thereof, for employee dishonesty claims. The questions illustrate how difficult it is to argue for coverage in areas that aren’t second nature to us. And crime coverage--at least in the past--was one of the areas that insurance generalists rarely were forced to review carefully. But that seems to be changing, and some issues stand out as especially vexing for employee dishonesty claims. First of all, the standard employee dishonesty coverage form was rewritten in 2000. The previous forms that still are used by many (CR 00 01, blanket employee dishonesty, and CR 00 02, schedule employee dishonesty) are not part of a new joint Surety Association of America and the Insurance Services Office commercial crime program.
