Computer Works, Inc. v. CNA Insurance Companies

CRISWELL, Judge.

Plaintiff, Computer Works, Inc. (insured), appeals from the judgment of the district court declaring that a loss sustained by it was not covered by an insurance policy issued by defendant, CNA Insurance Companies (CNA), and dismissing its complaint. We affirm.

Insured sells computers and computer software. It purchased a “business account” insurance policy from CNA that insured against any “accidental direct physical loss” of property or income, resulting from “all hazards,” with certain specific exclusions. One such exclusion was a loss resulting from any “fraudulent scheme,…