American Commerce Insurance Brokers, Inc. v. Minnesota Mutual Fire & Casualty Co.

OPINION

PARKER, Judge.

Appellant American Commerce Insurance Brokers, Inc. (American Commerce), purchased business property insurance from respondent Minnesota Mutual Fire & Casualty Company (Minnesota Mutual). The policy insured against loss caused by employee dis honesty and defined an “occurrence” as including a “series of related acts.” American Commerce submitted a claim for loss after discovering that an employee had stolen more than $192,000 over a 13-month period.

Minnesota Mutual tendered payment of the $10,000 coverage limit for a single occurrence. American Commerce commenced an…