Auto Lenders Acceptance Corp. v. Gentilini Ford, Inc.

Randy Carpenter, an employee of Gentilini Ford, Inc., engaged in numerous credit-application frauds over the course of an eleven-month period, leading to the sale of twenty-seven automobiles to customers who otherwise would not have qualified for credit. In this appeal, we must determine whether losses sustained as a result of Carpenter’s conduct are covered under an employee-dishonesty provision of Gentilini Ford’s insurance policy. We must also decide whether Carpenter’s conduct constitutes a single occurrence under the policy for the purpose of determining the insurance company’s potential…