Great American Insurance v. AFS/IBEX Financial Services, Inc.

CARL E. STEWART, Circuit Judge:

Great American Insurance Company (“GAIC”) issued crime protection policies to AFS/IBEX Financial Services, Inc. (“AFS”). After suffering a loss caused by the forgery of certain checks, AFS submitted a claim to GAIC. GAIC denied coverage and filed for declaratory judgment. AFS counterclaimed seeking coverage and damages. After a jury trial, the district court entered judgment for AFS. The appeals of both parties are now before the court. We affirm in part, vacate in part, and remand.

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