Maurice Goldman & Sons, Inc. v. Hanover Insurance

Plaintiff insured, a jewelry company, brought this action to recover on contracts of primary and excess "jewelers block” insurance entered into with defendants. During a business trip, plaintiff’s president realized that a bag containing jewelry was missing but he could not say where or how the loss occurred. We agree with the IAS court that the claim is outside the ambit of coverage on the basis of the policies’ exclusionary clause for "[ujnexplained loss, mysterious disappearance or loss or shortage disclosed on taking inventory” (see, Chadwick v Aetna Ins. Co., 9 NC App 446, 176 SE2d 352).…