North Carolina Farm Bureau Mutual Insurance v. Cully's Motorcross Park, Inc.

EDMUNDS, Justice.

In the aftermath of a house fire on property belonging to defendant Cully’s Motorcross Park, Inc. (Cully’s), an investigator for plaintiff North Carolina Farm Bureau Mutual Insurance Company (Farm Bureau) found strong evidence of arson and reported his suspicions to a Wilson Police Department sergeant. These findings included allegations that defendant Laurie Volpe (Volpe), Cully’s president and sole stockholder, had failed to report to Farm Bureau that there was a deed of trust on the property when she insured it, when she filed a claim of loss after the fire, or when she…