Fidelity Bonds: Advocating Direct Loss from Employee Theft, Fraudulent Transactions and Other Covered Events
Navigating the Scope of Coverage From Policyholder and Insurer Perspectives
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide insurance counsel with a review of covered losses under a fidelity policy, focusing on the ”direct cause” issue, recent case law developments, including the impact of MF Global on other employee theft, fraud and data breach situations, and coverage arguments from both policyholder and insurer perspectives.
- Current claims trends and developments
- Covered losses
- Limitations on coverage
- Direct cause requirement
- Recent case law, including MF Global
The panel will review these and other key questions:
- What are recent trends in fidelity bond claims?
- In what situations is coverage for employee theft or fraud under a fidelity bond vs. liability policy questionable or uncertain?
- What factors do courts look at in determining whether a loss is a “direct” vs. a dependent or intervening result of a covered event?
- What impact does the recent ruling in MF Global have on other employee theft, fraud and data breach situations?
Margo S. Brownell
Maslon Edelman Borman & Brand
Ms. Brownell is Head of the firm’s Insurance Litigation and Insurance Coverage Counseling Groups. She represents... | Read More
Ms. Brownell is Head of the firm’s Insurance Litigation and Insurance Coverage Counseling Groups. She represents commercial policyholders with complex insurance claims under all types of property and liability policies, including CGL, D&O liability, professional liability, cyber-liability, and IP liability coverage. Ms. Brownell is an Adjunct Professor of Law at the University of Minnesota Law School, where she teaches insurance law.Close
Joseph P. Ceronsky
Maslon Edelman Borman & Brand
Mr. Ceronsky is a member of the firm's Litigation Group and practices in the areas of general business, tort and... | Read More
Mr. Ceronsky is a member of the firm's Litigation Group and practices in the areas of general business, tort and product liability, and insurance coverage litigation. He has represented businesses of all sizes, as well as individuals, in state, federal and appellate courts. Mr. Ceronsky is a frequent author and lecturer on insurance law topics.Close
CharCretia V. Di Bartolo
Hinshaw & Culbertson
Ms. Di Bartolo is a trial attorney with a broad litigation practice encompassing fidelity and surety, personal injury... | Read More
Ms. Di Bartolo is a trial attorney with a broad litigation practice encompassing fidelity and surety, personal injury defense, commercial insurance coverage, professional liability defense, employment defense and products liability defense. She has represented sureties in payment, performance and miscellaneous bond matters, and insurance carriers and their policyholders in the defense of wrongful death and personal injury lawsuits, and discrimination and harassment claims.Close