Amgro, Inc. v. Lincoln General Insurance

OPINION

SMITH, Circuit Judge.

This case is about missing insurance premium payments. Lincoln General Insurance Co. (“Lincoln General”), an insurance company, never received insurance premium payments from certain policyholders (the “Policyholders”). AMGRO, Inc. (“AMGRO”), an insurance premium financing company, paid the Policyholders’ premiums to David MacGregor Co. (“MacGregor”), the Policyholders’ retail insurance broker, which retained its agreed upon commission and then sent the remaining funds to Northern Financial Group, Inc. (“Northern Financial”), Lincoln General’s wholesale insurance…