Characteristics and Outcomes of Insurance Claims Involving Losses from Theft

Abstract

ABSTRACT This research examined state-level cases where businesses sued their insurance company in order to recoup losses related to theft. The study was based on 70 civil suits that provided the characteristics and outcomes of such litigation. In general, the cases revealed the following: Such legal suits were on the rise; males more than females were involved in the incidents in which the loss occurred; those in nonmanagerial positions were most often the employees who caused the loss; larceny, and embezzlement were most often the ways in which losses occurred; the cases involved significant losses; and, insurers were compelled to pay all or most of the claim in many of the cases.