Texas High Court Refuses To Review No Coverage Ruling In $16M Fraudulent Invoice Suit

Mealey's (July 1, 2024, 9:41 AM EDT) -- AUSTIN, Texas — The Texas Supreme Court denied an insured’s petition seeking review of a Texas appeals court’s opinion that affirmed a lower court’s summary judgment ruling in favor of primary and excess commercial crime insurers in a coverage dispute arising from $16,423,941.78 in fraudulent invoices, refusing to disturb the appeals court’s finding that coverage was not triggered because the insured’s underlying loss was the result of a dishonest act by the insured’s authorized representative....