April 29, 2024
A paper manufacturer's insurer needn't pay $2.7 million of the over $31 million the manufacturer said it lost from an employee's theft scheme, a Tennessee federal court ruled while rejecting the insurer's position that the company's $15 million settlement with the employee breached its policy.
October 04, 2023
International Paper Co. reached a settlement Wednesday with one of two insurers it sued over allegations that the carriers skirted their obligations under commercial crime policies for millions of dollars the paper and pulp manufacturer said it lost in an employee theft scheme.
November 14, 2022
A paper and pulp manufacturer said it's owed insurance coverage for millions of dollars it lost in an employee theft scheme, telling a Tennessee federal court that Beazley Insurance Co. and a Zurich unit are skirting their obligations under commercial crime policies.