American Reliable denied the Lanc claim, stating that the policy had been canceled because the premium was not paid when the renewal time arrived. (Photo: Shutterstock) American Reliable denied the Lancaster's claim, stating that the policy had been canceled because the premium was not paid when the renewal time arrived. (Photo: Shutterstock)

The Georgia Court of Appeals recently reversed a lower court's ruling and dismissed a lawsuit filed by insureds seeking $200,000 in claims for a policy canceled when the insureds' agent was arrested for pocketing their premiums.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Coverage & Policy Issues
Personal Lines
Litigation
Personal Lines