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Home / Law / Insurer needn’t pay for lost escrow funds, says U.S. District Court

Insurer needn’t pay for lost escrow funds, says U.S. District Court

An insurance company was not obligated to pay “crime coverage” policy proceeds to someone who lost $1.3 million that he had deposited in an escrow account with the insurer’s policyholder, a U.S. District Court judge has found.

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