Failed insurance brokerage can’t get cover from Chubb for director’s alleged theft

Chief Justice James Allsop 2021-07-12 3:47 pm By Cindy Cameronne | Sydney

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A judge has denied defunct insurance broker All Class Insurance its bid for indemnity cover for the alleged theft of company funds by its director, finding the director misappropriated trust funds and fraudulently did not disclose the conduct to insurer Chubb Insurance.

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