Southeast Bakery Feeds, Inc. v. Ranger Insurance

CRANE, Presiding Judge.

Plaintiffs, insured corporations, were refused coverage under the Employee Dishonesty Coverage Form of two commercial crime policies because they did not discover an employee’s theft until more than one year after the policies expired. The trial court entered summary judgment in plaintiffs’ favor on their breach of contract claim against insurer on the grounds that the policies were “occurrence” policies and insurer was not prejudiced by the late discovery. We reverse and remand on the grounds that these policies were not “occurrence” liability policies, but were…