Insurer Granted Summary Judgment in Suspicious Theft Loss Claim
Swift Currie represented an insurer in a suspicious theft loss claim. The insured asserted that $1 million worth of personal property was stolen from his home while he was incarcerated for unrelated reasons. The insurer contended that the property was not stolen, but was sold or given away by the insured’s estranged wife. The insurer also asserted that the insured provided late notice of the claim by not informing it of the loss for six months after the loss occurred. In January 2014, Judge Clay D. Land granted summary judgment to the insurer based upon the late notice defense.