Advanced Network, Inc. v. Peerless Insurance

Opinion

McCONNELL, P. J.

This is a dispute over insurance coverage under a commercial general liability (CGL) policy Peerless Insurance Company (Peerless) issued to Advanced Network, Inc. (ANI). On appeal, Peerless contends the court erred by finding an underlying action for the replacement of cash stolen by an ANI employee from one of its clients, a credit union, was an action for damages for the “loss of use” of property within the meaning of the policy. We agree with Peerless. “ ‘Loss of use’ of property is different from ‘loss’ of property.” (Collin v. American Empire Ins. Co. (1994) 21…